Description:
The UN Climate Summit enters its final day with countries under intense pressure due to lack of progress on climate finance. Developing nations express frustration over the absence of specific financial commitments from wealthy countries to address climate change impacts.
Developing Nations’ Frustration Mounts
Representatives from vulnerable countries voice their disappointment with the lack of concrete financial proposals. Panama’s Juan Carlos Monterrey Gomez calls it a “slap in the face,” while Esa Ainuu from Niue questions the purpose of attending COP if finance discussions yield no positive results.
COP29 Presidency Remains Optimistic
Despite the challenges, the COP29 presidency maintains a positive outlook. They claim that the outlines of a financial package are taking shape and promise new draft texts. COP29 President Mukhtar Babayev convened a traditional Azerbaijani meeting to hear all sides and find a way forward in negotiations.
