COP29 live: Recriminations as nations say $300bn COP29 cash deal for poorer countries falls short
A climate cash deal rescued from the jaws of defeatpublished at 00:12 Greenwich Mean Time
Jack Burgess
Live page editor in Baku
Image source, ReutersIt’s been a marathon few days of negotiations at these talks
It wasn’t the deal that many wanted at these COP29 climate talks in Baku.
But there were moments when it seemed like there wouldn’t be a deal at all.
The new text, agreed in the early hours of Sunday morning in Azerbaijan, offers developing countries $300bn (about £240bn) per year by 2035 to help them fight climate change.
This fell short of the $1.3 trillion poorer countries had ask for to help them fight the climate battle.
The deal passed just hours after a dramatic moment when some of the nations most vulnerable to the effects of climate change walked out of a key meeting at the summit.
Image source, ReutersMany delegates stood up to applaud after the deal was finally passed
The deal also reiterates the phrasing in last year’s major COP28 deal, which for the first time called for a global transition away from fossil fuels.
This is something that many countries had worried would be missing from the final text.
This year’s summit was due to finish on Friday but overran, as has seemingly become something of a tradition at these annual talks.
Image source, ReutersCOP President Mukhtar Babayev pictured moments after gavelling the deal through
It’s been a very busy couple of weeks with little sleep over the past few days for many in this conference centre.
But before we go to get some much-needed rest, here are some stories where you can continue reading:
This page was edited by Malu Cursino, Matt Spivey, Greg Brosnan in London and myself in Baku.
It was written by our Climate and Science team at COP29 – Justin Rowlatt, Matt McGrath, Georgina Rannard, Esme Stallard and Mark Poynting in London.
