COP29 Climate Deal Sparks Outrage: ‘A Deadly Joke’

The COP29 climate summit ended with a bitter aftertaste this week as activists slammed a $300 billion annual funding pledge from wealthy nations as 'insufficient, inadequate, and an insult' to vulnerable countries battling climate disasters.

Asad Rehman, executive director of War on Want, didn’t hold back in his critique, telling CGTN: 'This is nowhere near enough. It’s a joke—but a deadly one for communities already drowning in floods, fires, and debt.'

Climate Finance: Promises vs. Reality

Dubbed the 'finance COP,' the summit aimed to address the urgent need for funding to help developing nations cut emissions and adapt to climate chaos. But Rehman argues the final deal—hammered out after 2 weeks of tense talks—misses the mark: 'The UN says we need trillions. What we got? Loans that’ll trap nations in debt while the planet burns.'

1.5°C Goal on Life Support

Scientists confirm Earth’s average temperature has already spiked 1.5°C above pre-industrial levels. Without drastic action, we’re headed for a catastrophic 3°C rise by 2100. 'Rich countries created this crisis,' Rehman stressed. 'Now they’re leaving frontline nations to foot the bill.'

With COP30 looming, activists warn: Half-measures won’t cut it.

Reference(s):

COP29 deal 'insufficient, inadequate and an insult' says charity head

cgtn.com