United Nations Climate Change Conference in Baku, Azerbaijan
The United Nations Climate Change Conference in Baku, Azerbaijan failed to secure the necessary funding for climate action, with wealthy nations pledging only $250 billion annually by 2035 instead of the requested $1 trillion by developing countries. The absence of key world leaders and ongoing geopolitical tensions have hindered progress in addressing climate change.
Key Points
- Wealthy nations pledged $250 billion annually by 2035 for climate finance, falling short of developing nations' request for $1 trillion
- Geopolitical tensions and absence of key leaders hindered progress at the conference
- Disagreements over responsibilities and financial support for climate action persist
Pros
- Efforts to address climate change were discussed at a global level
- Wealthy nations pledged financial support for developing countries
- High-level discussions took place to address climate finance
Cons
- Shortfall in funding commitments compared to developing countries' requests
- Geopolitical tensions and absence of key world leaders impacted progress
- Disagreements over responsibilities between major polluting and affected countries