Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian media: Three Palestinians were killed after being targeted by Israeli drone fire in the al-Shujaiya neighborhood east of Gaza City
Nicolas Maduro: The Palestinian cause is the most sacred cause for humanity, and we propose sending teams of builders, farmers, and doctors to Gaza to help the people
Al Mayadeen's correspondent in Lebanon: IOF infiltrate Khallet Wardeh towards the municipality in the town of Aita al-Shaab, south of Lebanon.
Leaders of the United States, Egypt, Qatar, and Turkey sign a ceasefire agreement in Gaza.
Trump arrives in Sharm el-Sheikh
Israeli PM's office: PM informed Trump he would not attend Sharm el-Sheikh Summit on account of Jewish holidays.
Israeli media: Netanyahu makes last-minute decision to cancel trip to Sharm el-Sheikh.
Al Mayadeen's correspondent: Large crowds gather in Khan Younis to welcome the liberated Palestinian detainees, waving flags of Hamas and Islamic Jihad in celebration
Buses of released prisoners arrive in Ramallah
Israeli media: Netanyahu gifts Trump a "Golden Dove".

South rejects $250Bln climate deal at COP29, talks extend to Saturday

  • By Al Mayadeen English
  • Source: Agencies
  • 22 Nov 2024 22:09
3 Min Read

Representatives from small island states and African countries criticized the offer as "shameful" and "unacceptable," warning of catastrophic consequences.

Listen
  • x
  • A draft of a proposed deal for curbing climate change sits on a table at the COP29 UN Climate Summit, Friday, Nov. 22, 2024, in Baku, Azerbaijan. (AP Photo/Peter Dejong)
    A draft of a proposed deal for curbing climate change sits on a table at the COP29 UN Climate Summit, Friday, Nov. 22, 2024, in Baku, Azerbaijan. (AP)

AFP reported on Friday that negotiations at COP29 in Baku stalled after developing nations rejected a $250 billion climate funding offer from wealthy countries, calling it inadequate.

The proposal aimed to increase annual climate aid from $100 billion to $250 billion by 2035, far below the $500 billion demanded by vulnerable nations to combat climate change and its impacts.

Representatives from small island states and African countries criticized the offer as "shameful" and "unacceptable," warning of catastrophic consequences.

"It is shameful to put forward texts like these," said Tina Stege, climate envoy for the Marshall Islands, whose very existence is under threat from rising sea levels.

Kenyan activist Obed Koringo called the offer "a joke," warning, "No deal is better than a bad deal."

Read more: Protesters call for energy embargo on 'Israel' at COP29 summit

'Extraordinary reach'

Meanwhile, the US signaled no intention to negotiate further. According to AFP, senior officials from the Biden administration reportedly called the $250 billion offer an example of "extraordinary reach."

Related News

Israeli media: Syria, 'Israel' moving toward security deal

India blocks Azerbaijan's SCO membership bid, sparking diplomatic row

Analysts argue that with the shadow of President-elect Donald Trump looming large, expectations are mounting that the US will retreat from climate diplomacy altogether.

Europe, for its part, called for private sector involvement to meet financing goals. 

"Europe wants to live up to its responsibilities but also must ensure we don’t make promises we can't fulfill," German Foreign Minister Annalena Baerbock said.

Fossil Standoff

Talks also faced resistance over phasing out fossil fuels, with Saudi Arabia rejecting language targeting the sector. 

A Saudi official representing the Arab Group told AFP in Baku that the bloc would "reject any text that singles out specific sectors, including fossil fuels."

During the opening ceremony of COP29 in Baku, Azerbaijan's President Ilham Aliyev delivered a speech defending his nation's oil and gas industries.

He described these resources as "a gift from God," a remark that sparked criticism from climate activists and negotiators who viewed it as undermining efforts to transition away from fossil fuels.

Read more: Aliyev urges EU to end 'hypocrisy', support gas exports

As negotiations drag on, the urgency of the climate crisis grows starker. Disasters tied to climate change have battered the globe during COP29, including deadly storms in the Philippines and Honduras, drought emergencies in Ecuador, and historic floods in Spain.

"This is the worst COP in recent memory," said Mohamed Adow of the Climate Action Network, pointing to Azerbaijan’s lack of leadership as a significant factor in the stalled talks.

  • Azerbaijan
  • global south
  • Climate change
  • COP29 summit
  • COP29
  • Baku

Most Read

Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
Taylor Swift: The Life of a Showgirl

The Life of a No-Girl: The one verse Taylor Swift refuses to sing

  • Arts and Culture
  • 8 Oct 2025
Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • Today
Ceasefire in Gaza takes effect amid conflicting signals and bombings

Gaza ceasefire takes effect; 'Israel' resumes bombing, timing disputed

  • Politics
  • 9 Oct 2025

Coverage

All
War on Gaza

Read Next

All
US media rejects Pentagon rules limiting access to official info
Politics

US media reject Pentagon rules limiting access to official info

Australia open to sending troops to Middle East post-ceasefire
Politics

Australia open to sending troops to Middle East post-ceasefire

Arab journalists in US say they're being silenced after Gaza coverage
Politics

MENA journalists in US report heightened scrutiny since Gaza war began

Maduro offers Gaza aid and calls for real justice after Sharm El-Sheik.
Latin America

Maduro offers Gaza aid, calls for real justice after Sharm El-Sheikh

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS