Baku summit: $300 billion deal insufficient, say climate experts

Chiara Martinelli, Director at Climate Action Network (CAN) Europe, said the EU and rich countries have failed to deliver for the most vulnerable

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The voices of the most vulnerable were sidelined, human rights and civil society participation ignored, and accountability swept under the rug, say climate advocates on the conclusion of two-week UN climate change negotiations on Sunday with countries adopting a $300 billion a year global finance target to help poorer nations.

They say the package on mitigation, adaptation, and finance fails to deliver on the promises of the Paris Agreement and leaves the most vulnerable to pay the price for this inaction.

The UN Climate Change Conference (COP29) closed with a new finance goal to help countries to protect their people and economies against climate disasters, and share in the vast benefits of the clean energy boom.