After two weeks of intense negotiations, delegates at COP29, formally the 29th
Civil society actors at COP29 in Baku, Azerbaijan, advocate for climate financing initiatives.
Sierra Leone’s representative said African nations were disappointed in the outcome, which “signals a lack of goodwill by developed countries.” Indeed, the $300 billion deal was “less than a quarter of what science shows is needed and barely enough to forestall a climate catastrophe”.
Striking a different tone, a representative from the delegation of the European Union said the new climate finance goal would “simply will bring much, much more private money on the table, and that is what we need. And with these funds, we are confident we will reach the 1.3 trillion objective.”
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