Developing nations, as well as countries that are particularly vulnerable to climate change, dramatically walked out of the talks on Saturday afternoon. But at 03:00 local time on Sunday (23:00 GMT on Saturday), and after some changes to the agreement, nations finally passed the deal. This promise of more money is a recognition that poorer nations bear a disproportionate burden from climate change, but also have historically contributed the least to the climate crisis. Historically, only 40% of the funding available for climate change has gone towards this. As well as the promise of $300bn (£238bn), nations agreed that $1.3tn is needed by 2035 to also help prevent climate change.

Source: Daily Nation November 24, 2024 08:56 UTC