Huge deal struck but is it enough? 5 takeaways from a dramatic COP29

By Matt McGrath
BBC News
November 24, 2024
Category: Carbon, Climate & Bioenergy
Region: International

COP29 is over, with developing countries complaining that the $300bn a year in climate finance they will receive by 2035 is a “paltry sum”. …It is an improvement – on the current contribution of $100bn a year. However, the developing world, which had pushed for more, had many genuine issues with the final sum.

  • There were complaints it simply was not enough and that it was a mixture of grants and loans.
  • Shepherding 200 countries to an intricate deal on climate finance was always going to be a tough task.
  • The quiet ascent of China – With the role of the US in doubt because of Trump, attention shifted to who might become the real climate leader.
  • The need to ensure that a second Trump administration would not upend years of careful climate negotiations.
  • One very noticeable trend at COP29 was the sometimes more aggressive stance taken by many environmental NGOs and campaigners.

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