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. 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. 'Extraordinary reach'Experts commissioned by the United Nations assessed that developed nations should triple their $100 billion pledge by 2030. 'Joke'Obed Koringo, a Kenyan activist from CARE, said $250 billion was "a joke". The annual UN-led climate talks come on what is already poised to be the hottest year in history and as disasters rise around the world.

Source: Daily Nation November 23, 2024 09:47 UTC