UN Adopts $300 Billion Climate Deal Amid Controversy

UN Adopts $300 Billion Climate Deal Amid Controversy

The United Nations climate talks in Baku concluded with the adoption of a deal to inject at least $300 billion annually into climate action, aimed at aiding developing nations in tackling global warming. However, the agreement, seen as insufficient by many, sparked widespread criticism.

The funds will help developing countries transition from fossil fuels, adapt to climate impacts, and address damages caused by extreme weather. While an improvement over the previous $100 billion annual pledge, it falls short of the $1.3 trillion requested.

India’s Chandni Raina condemned the deal as “an optical illusion,” highlighting developed nations' failure to meet their responsibilities. UN Secretary-General António Guterres echoed disappointment, urging swift action to honor commitments. Although divisive, the deal is seen as a crucial step toward increasing climate finance.

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