Fierce bargaining at UN climate talks in Azerbaijan dragged into Saturday after a $250 billion a year offer from rich nations was flatly refused by developing countries hardest hit by Earth's rapid warming.
Aima Baig and Sahir Ali Bagga perform at Punjab Harappa Culture FestivalFierce bargaining at UN climate talks in Azerbaijan dragged into Saturday after a $250 billion a year offer from rich nations was flatly refused by developing countries hardest hit by Earth's rapid warming.
On Friday, after negotiating for the better part of two weeks, wealthy countries proposed raising their commitment for climate action in poorer nations from $100 billion to $250 billion a year by 2035. The Alliance of Small Island States, for which climate change is an existential threat, said the offer showed"contempt for our vulnerable people".
A senior US official signalled Washington was not looking to negotiate a higher figure, and that $250 billion would require"even more ambition and extraordinary reach". The draft text also sets an ambitious overall target to raise at least $1.3 trillion per year by 2035 from not only developed countries but the private sector."From Africa, where I come from, what we are saying is... no deal is better than a bad deal," he said.
China, which remains classified as a developing nation under the UN framework, provides climate assistance but wants to keep doing so on its own voluntary terms. Azerbaijan, an authoritarian state that relies on oil and gas exports, has been accused of lacking the experience and bandwidth to steer such large and complex negotiations.
"We urge you to stand up for the people of the Global South and we insist: no deal in Baku is better than a bad deal, and this is a very, very bad deal because of the intransigence of developed countries," said the letter addressed to the G77 bloc of developing nations and China.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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