Cop29 climate finance deal: why poor countries are so angry
The cost of borrowing money can be up to seven times higher for developing countries than the US and Europe. This is because lenders see poorer countries as riskier places to invest, given their perceptions of political instability or low credit ratings. This arrangement entrenches inequality.
Western leaders welcomed the deal, as US President Joe Biden says the world is "one significant step closer" to achieving ...
Under pressure to step up global climate aid, the world’s richest countries secured nothing less than a diplomatic coup in ...
BAKU, Nov 25 (Reuters) - COP29 deals on finance and carbon markets could lead to billions more dollars flowing around the ...
Saudi Arabia and its allies had two words they didn’t want to see repeated in a COP29 deal: “fossil fuels.” The faction got ...
The tumultuous COP29, the UN climate summit, concluded in Azerbaijan’s Baku after talks continued until early Sunday.
When COP29 President Mukhtar Babayev stepped to the podium at the closing meeting of the Baku climate summit on Sunday ...
Nearly 200 nations were still negotiating a new climate finance deal behind closed doors at United Nations talks in Baku, ...
The United Nations climate change summit COP29 has "once again ignored" the Pacific Islands, a group of regional climate ...
By Kate Abnett, Valerie Volcovici and Nailia Bagirova BAKU (Reuters) -Wealthy countries raised their offer of climate finance ...
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