Disappointment at COP29 for Developing Nations

The 2024 UN Climate Change Conference, COP29, ended with developing countries expressing significant disappointment over the financial commitments made by developed nations. Although the developed countries pledged $300 billion annually starting in 2035, this amount fell far short of the $1.3 trillion requested by developing countries for climate finance. Delegates highlighted that this figure was crucial to support their efforts in combating climate change and addressing its adverse impacts. The final agreement has led to a sense of discontent, particularly as it ignores prior assessments done to estimate the financial needs for effective climate action.