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    Home»Climate»At COP29, rich countries pledge $300 billion a year to global South for 'climate impact'
    Climate

    At COP29, rich countries pledge $300 billion a year to global South for 'climate impact'

    cne4hBy cne4hNovember 25, 2024No Comments3 Mins Read
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    Solar powered African hut
    The COP29 conference in Baku, Azerbaijan, ended on Saturday after two weeks of bitter disagreements, with pledges from the countries considered Rich people pledge $300 billion a year to poorer countries by 2035 Help them cope with the impacts of climate change and shift their economies to clean energy. [emphasis, links added]

    COP stands for “Conference of the Parties” and is ratified by nearly 200 countries and is called the UNFCCC (United Nations Framework Convention on Climate Change). According to the BBC, the agreement was signed in 1992.

    Finally, at 2:40 a.m. local time on Sunday, more than 30 hours had passed since the deadline for reaching an agreement. “The agreement between nearly 200 countries was finalized,” According to CNN.

    “People doubt that Azerbaijan can deliver on its promises. They doubt that everyone can agree. They are wrong on both issues.

    The conference opened on November 12 with host country President Ilham Aliyev criticizing “Western fake news” about his country's emissions and saying countries “should not be blamed for their fossil fuel reserves”.

    He says oil and gas are 'a gift from God' According to the BBC.

    India's representative to the Conference of the Parties, Chandni Raina, slammed the $300 billion as “extremely poor” and “trivial”.

    she is one of those Hopefully that number is $1.3 trillion per year, not $300 billion.

    She said the agreement reached was “Nothing more than an optical illusion” and It cannot “solve the serious challenges we all face”.

    The Committee for a Constructive Tomorrow (CFACT) attended its annual meeting as usual. CFACT is an American organization “founded to promote much-needed, positive alternative voices on environment and development issues.”

    in other words, They express skepticism about the goals and objectives of COP29 and the alarmism surrounding the theory and science behind man-made climate change.

    CFACT's Craig Rucker points out what some call inconvenient truths, such as “Countries such as China and India were given a pass to reduce emissions and pay for them. this, Although China is the world’s largest emitter of greenhouse gases and the second largest economyalthough The Indian economy has risen all the way to fifth place.“

    He also pointed out that if the goals of the United Nations are achieved, By 2050, total annual global climate spending will increase from the current US$3 trillion to US$5 trillion.

    Most attendees at the meeting must be aware that when President-elect Trump takes office in January, The U.S. could withdraw from the Paris climate agreement again and cut off U.S. funding COP29 agenda.

    “Let's hope President Trump can restore climate and energy reality to America and the world before more damage is done. complete,” Lark concluded.

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