$300 Billion Climate Agreement Signed at COP29 – Reuters
⏺ The two-week COP29 Climate Summit in Baku has resulted in a landmark $300 billion agreement aimed at combating global climate change, with developing nations at the forefront of the pact.
⏺ Wealthy nations, identified as major polluters due to their reliance on fossil fuels, are committed to providing the funds by 2035.
⏺ While many applauded the decision, some delegates criticized Azerbaijan’s hasty endorsement. India’s representative opposed the deal, calling it an “illusion that may worsen the problem.”
⏺ Meanwhile, Tina Stege, envoy for the Marshall Islands, said the funding was inadequate: “This is only the beginning.”
⏺ Scientists warn that the planet’s average temperature could rise by 5.6°F (3.1°C) by the end of the century, leading to irreversible disasters such as massive coastal flooding from melting glaciers.
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⏺ The two-week COP29 Climate Summit in Baku has resulted in a landmark $300 billion agreement aimed at combating global climate change, with developing nations at the forefront of the pact.
⏺ Wealthy nations, identified as major polluters due to their reliance on fossil fuels, are committed to providing the funds by 2035.
⏺ While many applauded the decision, some delegates criticized Azerbaijan’s hasty endorsement. India’s representative opposed the deal, calling it an “illusion that may worsen the problem.”
⏺ Meanwhile, Tina Stege, envoy for the Marshall Islands, said the funding was inadequate: “This is only the beginning.”
⏺ Scientists warn that the planet’s average temperature could rise by 5.6°F (3.1°C) by the end of the century, leading to irreversible disasters such as massive coastal flooding from melting glaciers.
INSIDER USA 👉🏻 Subscribe