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Developing countries that are the most vulnerable to climate change are angry about a new text released at COP29 on Friday, which says developed countries must pay $250 billion a year until 2035 for climate action
CLIMATE CHANGE CONFERENCE

$250bn a year for climate action is too little, say developing countries

The final draft text for COP29 shows there has been limited progress made on funding, a failure given that this was meant to be the ‘finance COP’

  • Ozayr Patel
4 min read
A new draft for the long-term finance proposal for climate change, called the new collective quantified goal (NCQG), was released on Thursday morning at COP29. (Photo by Sean Gallup/Getty Images)
CLIMATE CHANGE CONFERENCE

New draft for climate finance released at COP29, but lacks specifics

Least developed countries and small island nations will be prioritised but the finance proposal omits to say how much money will be provided

  • Ozayr Patel
3 min read
Vulnerable village: The residents of the Scotland informal settlement in Tlhabologang, near Coligny in North West, like many other villages on the continent, is at risk from the climate crisis. Photo: Delwyn Verasamy
CARBON BRIEF

COP26 touted to resolve long standing issues on climate debt

Only 16% of losses in South Africa from weather-related disasters in the past four decades were covered by insurers, leaving governments and communities unable to build back

  • Tunicia Phillips
3 min read