COP29 reaches final agreement on 290,000 million annual climate finance for developing countries.

Chairmanship of the United Nations Climate Change Conference (COP29) after a long night of negotiations, released a final declaration outlining an annual financial commitment of $300,000 million (€290,000 million) by developed countries to their development partners by 2035.

Target funding a ayudar a los países en desarrollo improve climate protection and adapt to the devastating effects of global warming, such as more frequent droughts, storms and floods.

Currently, industrialized nations remit more than $100,000 million a year. ayuda climática. Sin embargo, the need for foreign aid now rises to about $1 billion a year by 2030, and even $1.3 trillion by 2035, according to an independent panel of experts from the United Nations.

There were environmentalists in the organizations Criticize the former In El derrotero de las conversaciones y, in particular, they calculated that between now and 2030, countries will need $5-6.9 billion to meet their climate commitments. such as Ecodes, Ecologistas en Acción, Greenpeace, Juventud por el Clima, Observatori del Deute en la Globalitzación, SEO/BirdLife and UGT.

In addition, the organizations criticized the prospects of the negotiations as “no guarantees for poor countries”. 130 countries of the global south For the latest on Minimo Crítica, use ONG.