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Countries line up at Cop29 to blast draft climate finance deal
Activists participate in a demonstration for climate finance at the COP29 U.N. Climate Summit, November 21, 2024, in Baku, Azerbaijan
COUNTRIES at the Cop29 climate summit in Azerbaijan took it in turns today to reject a new draft deal on the money that developing countries should receive to help them transition to clean energy and adapt to climate change.
The proposals omit the crucial sticking point of how much wealthy nations will pay poor countries.
A key option for the lowest amount donors are willing to pay was just a placeholder “X.” Part of that is because rich nations have yet to make an offer in negotiations.
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