COP29 Agreement Says Someone Should Pay to Help Developing Countries, But Not Who

Quick Summary:

Rich countries have agreed to pay developing nations $300 billion a year to help them with their climate actions—but the agreement doesn’t say who specifically should contribute or how.

The hope had been that developed countries would commit to giving more than $1 trillion a year.

And as John Kerry, deputy US climate envoy, often repeated during proceedings: “The best negotiation is the one that leaves everyone unhappy.” In some cases that may be true, but in this instance, some are clearly unhappier than others.

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Article Details

Author / Journalist: Antonio Piemontese

Category: TechnologyEconomy

Markets: United StatesAzerbaijanBrazilChinaMali

Topics: Science / Environment Science

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 21:43:35 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: wired.com

Language: English

Article Length: 1039 words

Reading Time: 6 minutes read

Sentences: 53 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Wired

News ID: 23852068

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