"Outcry after draft text contains only an ‘X’ instead of setting $1tn funding goal to support developing countries"
"Hopes of a breakthrough at the deadlocked UN climate talks have been dashed after a new draft of a possible deal was condemned by rich and poor countries.
Faith in the ability of the Azerbaijan presidency to produce a deal ebbed on Thursday morning, as the draft texts were criticised as inadequate and providing no “landing ground” for a compromise.
Instead of setting a global goal for at least $1tn in new funds for developing countries to tackle the climate crisis, the text contained only an “X” where numbers should have been.
Oscar Soria, a director at the Common Initiative thinktank, said: “The negotiating placeholder ‘X’ for climate finance is a testament of the ineptitude from rich nations and emerging economies that are failing to find a workable solution for everyone."
SEE ALSO:
"As a COP29 Deal On Fossil Fuels Falters, The Blame Game Begins" (Grist)
"This Year Set To Be First To Breach 1.5C Global Warming Limit" (BBC News)
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