Published on November 24, 2024 at 7:33 p.m. / Modified on November 24, 2024 at 8:51 p.m.
-
Rich countries promise to deliver 300 billion dollars annually.
-
The South demanded ten times more. He was on the verge of overturning the table.
-
Switzerland is widely criticized by NGOs and civil society.
It’s a contract worth… 1,300 billion dollars annually. Few commitments can rival the climate agreement reached at COP29, in the wee hours of Sunday. However, after the appropriate accolades, when the gavel had just sounded to end the conference, many faces were gray in the corridors of the Baku Olympic stadium. The amount – at least theoretical – intended to enable countries in the South to face the consequences of global warming and decarbonize their economies may seem astronomical. But, after several days of growing tensions and increasingly heated recriminations, the damage seems much greater than the gains. To put it simply: the trust was no longer there.
Because, as certain Western officials almost candidly admitted, it is not this figure (1.3 T for “trillion”, in English), which is really significant, even if it appears in the text of the the agreement. The main thing? The 300 billion dollars annually that Western countries have committed to delivering directly, either as donations or as low-interest loans. “It is on this amount that the hardest negotiations took place,” admits a head of delegation.
Want to read all of our articles?
For CHF 29.- per month, enjoy unlimited access to our articles, without obligation!
I subscribe
Good reasons to subscribe to Le Temps:
- Unlimited access to all content available on the website.
- Unlimited access to all content available on the mobile application
- Sharing plan of 5 articles per month
- Consultation of the digital version of the newspaper from 10 p.m. the day before
- Access to supplements and T, the Temps magazine, in e-paper format
- Access to a set of exclusive benefits reserved for subscribers
Already have an account?
Log in
Swiss
