Activists participate in a demonstration for climate finance at the Cop29 UN Climate Summit, November 23, 2024, in Baku, Azerbaijan
DEVELOPING nations slammed the deal reached at the United Nations climate talks (Cop29) today, which pledged at least $300 billion (around £239bn) a year to help them cope with the ravages of global warming.
The money will go to developing countries to help them manage the transition from coal, oil and gas, adapt to future warming and pay for the damage caused by increasingly extreme weather.
Though three times the $100bn (nearly £80bn) a year agreed in a deal due to expire from 2009, it is nowhere near the $1.3 trillion (just over a £1trn) that developing countries were asking for.
As the Alliance of Sahel States and southern African nations advance pan-African goals, the African Union must listen and learn rather than parroting the Western line on these positive developments, writes ROGER McKENZIE
Money makers already exploit cleaning and catering contracts while the military-industrial complex diverts billions from health to warfare — but Bevan’s vision will endure as long as people fight for it, writes ROGER MCKENZIE
