COP29: 300 billion dollars per year for the climate, agreement reached but disappointing for the countries of the South

The COP29 on climate ended overnight from Saturday to Sunday with a disappointing commitment for the countries of the South. From Baku in Azerbaijan, they resign themselves to a financial agreement “too weak“according to them: 300 billion dollars per year within 10 years granted by developed countries to help them fight climate change.

The countries of the South demanded much more: up to 1.300 billion. Funding promised for 2035 “is too weak, too late and too ambiguous“, regretted Kenyan Ali Mohamed, speaking on behalf of the African group. The countries of the South point the finger at the historical responsibility of industrialized countries which have built their wealth on coal and oil for more than a century, aggravating the climate change.

Text “not up to par” for France

This financial commitment of European countries, USA, Canada, Australia, Japan and New Zealandunder the aegis of the UN, is to increase from 100 billion today to “at least 300 billion dollars“annual loans and donations to developing countries by 2035. Money to adapt to floods, heatwaves and droughts and low-carbon energy.

France, through the voice of the Minister of Ecological Transition Agnès Pannier-Runacher, speaks of a text “disappointing” et “not up to the challenges” When US President Joe Biden welcomes deal as an “important step” in the fight against global warming.

Criticisms from all sides in Frnace

“This COP29 [à Bakou] was a real mess“, she “ends in failure“, denounces this Sunday on franceinfo Marine Pouget, head of international governance at the Climate Action Network,

“It was a COP of selfishness and blindnesst”, denounces for her part the environmentalist MEP Marie Toussaint. She believes that through this agreement “developed countries have betrayed developing countries, leaving them alone to face the impacts of climate change“.