NIGERIA AND OTHER NATIONS CRITICIZE $300 BILLION CLIMATE FINANCE DEAL AT COP29. (PHOTO).
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Nigeria and Other Nations Criticize $300 Billion Climate Finance Deal at COP29
At COP29 in Baku, Azerbaijan, Nigeria and several other developing countries expressed dissatisfaction with the final climate finance agreement, which includes a pledge from wealthy nations to provide $300 billion annually to poorer countries. Nigerian officials, including Nkiruka Maduekwe, the country’s climate change director, called the deal “unrealistic” and insufficient, highlighting that it fell short of the ambitious goals necessary to address climate challenges. Other critics, such as Sierra Leone’s Environment Minister and the Pan African Climate Justice Alliance, accused developed nations of failing to show genuine support for the world’s most vulnerable regions, reinforcing claims that the final deal was heavily influenced by “invisible powers” with little regard for the needs of poorer countries. While the deal sets a target of $1.3 trillion in climate finance by 2035, many see the current pledge as inadequate in meeting the scale of the climate crisis.
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