"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."

Fiona Harvey, Patrick Greenfield, Dharna Noor and Adam Morton report for the Guardian November 21, 2024. [2]

SEE ALSO:

"As a COP29 Deal On Fossil Fuels Falters, The Blame Game Begins" (Grist) [3]

"This Year Set To Be First To Breach 1.5C Global Warming Limit" (BBC News) [4]