Climate talks end with mere $300 bn pledge

THE United Nations Climate Change Conference (COP29) in Baku concluded on Sunday amid high drama with the adoption of a controversial agreement to triple climate finance for developing countries to $300 billion annually by 2035 as against the $1.3 trillion sought by developing countries per year until 2030.

- S V KRISHNA CHAITANYA

The process and the amount agreed upon faced strong opposition from India and other developing nations. India, a prominent voice among developing countries, rejected the proposal outright, calling the agreed-upon financial goal inadequate and unfairly distributed. Chandni Raina, adviser to the Department of Economic Affairs and part of India's negotiating team, described the sum as "abysmally poor" and "a paltry amount".

INDIA also condemned the process of adoption, calling it "stage-managed" and highlighting the lack of inclusivity in decision-making.