Cop29 agrees to $300 billion climate finance deal, India says amount 'abysmally poor'
Developing nations have criticized the $300 billion annual climate finance commitment from wealthy countries as insufficient at the Cop29 summit in Baku. While a deal was reached, establishing a $1.3 trillion target with significant reliance on private funding, developing nations argued for a greater commitment from historical emitters to address the disproportionate impact of climate change on poorer countries.
Developing nations have criticized the $300 billion annual climate finance commitment from wealthy countries as insufficient at the Cop29 summit in Baku. While a deal was reached, establishing a $1.3 trillion target with significant reliance on private funding, developing nations argued for a greater commitment from historical emitters to address the disproportionate impact of climate change on poorer countries. What's Your Reaction?
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The Federation of Economic Development Association of India (F.E.D.A) holds the distinction of being India's most venerable umbrella organization. F.E.D.A focused on promoting economic growth in India. Economic development professionals throughout the state, along with individuals and companies in related economic development fields, work together with the F.E.D.A Members and Board of Federation to help positively influence country legislation and industrial growth. With cutting edge policy research and advisory to National and State governments on trade issues. F.E.D.A is one of the leading non-profit organizations with established credentials for enhancing economic development.
