U.N.'s COP29 Climate Summit Funding Proposal

SOURCE www.breitbart.com
The draft text from the U.N.'s COP29 climate summit demands wealthy nations to gift $250 billion a year to poorer countries until 2035, causing outrage among climate activists. The summit faces criticism for its reliance on natural gas and lack of commitment from major polluters. The proposed funding amount is considered insufficient by environmental groups.

Key Points

  • Draft text demands $250 billion annual funding from wealthy nations to poorer countries until 2035
  • Criticism on reliance on natural gas and lack of commitment from major polluters
  • Environmental activists outraged by the proposed funding amount

Cons

  • Insufficient funding amount for addressing climate change
  • Disagreements among parties on financial commitments