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<div class="c-byline__date c-byline__date--pubDate"> <span>Posted November 23, 2024 5:03 pm</span> <button class="c-byline__dateToggle toggle-switch u-hide-tablet-portrait" aria-label="Toggle last modified date of the article" data-expand="#bylineDateUpdated" aria-expanded="false" > <span id="updated-toggle-off" class="toggle-off"> <svg class="c-icon c-byline__dateToggleIcon c-byline__dateToggleIcon--up" focusable="false"> <use xlink:href="https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=bahmjko3l#dropdown_arrow"></use> </svg> </span> <span id="updated-toggle-on" class="toggle-on c-icon "> <svg class="c-icon c-byline__dateToggleIcon" focusable="false"> <use xlink:href="https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=bahmjko3l#dropdown_arrow"></use> </svg> </span> </button> </div> <div class="c-byline__date c-byline__date--modDate is-expandable " id="bylineDateUpdated"> <span>Updated November 24, 2024 12:59 pm</span> </div> <div class="c-byline__date c-byline__date--modDate"> <strong>6 min read</strong> </div> </div> </div> </div> </div>  <div id="articleMessageBar-facebook" class="c-messageBar c-messageBar--blue is-hidden" > <div class="c-messageBar__inner"> <svg class="c-icon c-messageBar__icon c-messageBar__icon--info" focusable="false"> <use xlink:href="https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=bahmjko3l#alert-circle"></use> </svg> <p class="c-messageBar__content"> If you get Global News from Instagram or Facebook - that will be changing. <a href="https://globalnews.ca/news/9885400/how-you-can-find-global-news/">Find out how you can still connect with us</a>. </p> <button class="c-messageBar__close"> <span class="sr-only">Hide message bar</span> <svg class="c-icon c-messageBar__icon" focusable="false"> <use 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data-src="https://i1.wp.com/media.globalnews.ca/videostatic/news/2u6nefaeoh-ftgqhvtepc/COP29_VMS.jpg?w=1040&quality=70&strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://i1.wp.com/media.globalnews.ca/videostatic/news/2u6nefaeoh-ftgqhvtepc/COP29_VMS.jpg?w=450#038;quality=70&strip=all 450w,https://i1.wp.com/media.globalnews.ca/videostatic/news/2u6nefaeoh-ftgqhvtepc/COP29_VMS.jpg?w=720#038;quality=70&strip=all 720w,https://i1.wp.com/media.globalnews.ca/videostatic/news/2u6nefaeoh-ftgqhvtepc/COP29_VMS.jpg?w=1040#038;quality=70&strip=all 1040w," data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px" > <span class="c-video__overlay"> <div class="c-button c-video__icon c-videoPlay__icon "> <svg class="c-icon c-button__icon" focusable="false"> <use xlink:href="https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=bahmjko3l#play"></use> </svg> </div> <div class="c-video__data"> <time class="c-video__duration">7:26</time> <span class="c-video__title">COP29: Nations divided as $300B pledged annually to help poor countries fight climate change</span> </div> </span> </span> </div> </div> <figcaption class="c-video__caption c-caption"> <span class="c-caption__desc">WATCH: The UN has adopted a deal to inject $300 billion annually into developing countries as they struggle to fight climate change. 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link</button> </div> </div> </div> </div> </div> <div id="article-fontSizer" class="c-fontSizer"> <div class="c-fontSizer__item"> <button class="c-fontSizer__button c-fontSizer__button--decrease c-button c-button--details c-button--mini" data-trackable="true" data-trackaction="Font Sizer Decrease Font" data-tooltip-title="Decrease text size" > <span class="sr-only">Descrease article font size</span> <svg class="c-icon c-fontSizer__icon" focusable="false"> <use xlink:href="https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=bahmjko3l#font-decrease"></use> </svg> </button> </div> <div class="c-fontSizer__item"> <button class="c-fontSizer__button c-fontSizer__button--increase c-button c-button--details c-button--mini" data-trackable="true" data-trackaction="Font Sizer Increase Font" data-tooltip-title="Increase text size" > <span class="sr-only">Increase article font size</span> <svg class="c-icon c-fontSizer__icon" focusable="false"> <use xlink:href="https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=bahmjko3l#font-increase"></use> </svg> </button> </div> </div> </div> <article class="l-article__text js-story-text" aria-label="Article text"> <p><a href="https://globalnews.ca/tag/united-nations">United Nations</a> <a href="https://globalnews.ca/tag/climate-talks">climate talks</a> adopted a deal to inject at least $300 billion annually in humanity’s fight against <a href="https://globalnews.ca/tag/climate-change">climate change</a>, aimed at helping poor nations cope with the ravages of global warming in tense negotiations in the city where industry first tapped oil.</p><img decoding="async" src="https://d21y75miwcfqoq.cloudfront.net/70c8fc80" alt="" style="position:absolute;width:1px;height:1px" referrerpolicy="no-referrer-when-downgrade"> <p>The $300 billion will go to developing countries who need the cash to wean themselves off the coal, oil and gas that causes the globe to overheat, adapt to future warming and pay for the damage caused by climate change’s extreme weather. It’s not near the full amount of $1.3 trillion that developing countries were asking for, but it’s three times a deal of $100 billion a year from 2009 that is expiring. Some delegations said this deal is headed in the right direction, with hopes that more money flows in the future.</p><p>It was not quite the agreement by consensus that these meetings usually operate with and developing nations were livid about being ignored.</p> <div class="c-ad c-ad--bigbox l-article__ad"> <div class="c-ad__label">Story continues below advertisement</div> <div id="gpt-ad-300250-10" class="c-ad__unit" data-ad-pos="10" > </div> <script> if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-10","lazy":false,"targeting":{"pos":10,"slotid":"gpt-ad-300250-10"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-10","lazy":false,"targeting":{"pos":10,"slotid":"gpt-ad-300250-10"},"companion":false} ); } </script> </div> <div class="l-article__part" data-shortcode="tp_video"> <div class="c-video c-videoPlay " data-iframe-receiver data-autoplay="" data-displayinline-featured="false" data-displayinline-type="video" data-displayinline-player-id="miniplayer_10865358_6744199e6f795" data-displayinline-video-id="10865358" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/10865358/#autoplay&stickyiframe=miniplayer_10865358_6744199e6f795" data-displayinline-sticky="true" > <div class="c-video__inner"> <span class="c-video__placeholder"> <img class="c-video__image" alt="Click to play video: 'What’s at stake at the COP29 global climate summit'" width="640" height="360" data-src="https://i2.wp.com/media.globalnews.ca/videostatic/news/rtvridaln2-8x7fi9jve0/GNMCOP29SUMMITSTILL.jpg?w=1040&quality=70&strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://i2.wp.com/media.globalnews.ca/videostatic/news/rtvridaln2-8x7fi9jve0/GNMCOP29SUMMITSTILL.jpg?w=450#038;quality=70&strip=all 450w,https://i2.wp.com/media.globalnews.ca/videostatic/news/rtvridaln2-8x7fi9jve0/GNMCOP29SUMMITSTILL.jpg?w=720#038;quality=70&strip=all 720w,https://i2.wp.com/media.globalnews.ca/videostatic/news/rtvridaln2-8x7fi9jve0/GNMCOP29SUMMITSTILL.jpg?w=1040#038;quality=70&strip=all 1040w," data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px" > <span class="c-video__overlay"> <div class="c-button c-video__icon c-videoPlay__icon c-button--mini"> <svg class="c-icon c-button__icon" focusable="false"> <use xlink:href="https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=bahmjko3l#play"></use> </svg> </div> <div class="c-video__data"> <time class="c-video__duration">6:29</time> <span class="c-video__title">What’s at stake at the COP29 global climate summit</span> </div> </span> </span> </div> </div> </div><p>COP29 President Mukhtar Babayev gaveled the deal into acceptance before any nation had a chance to speak. When they did they blasted him for being unfair to them, the deal for not being enough and the world’s rich nations for being too stingy.</p><p>“It’s a paltry sum,” India negotiator Chandni Raina said, repeatedly saying how India objected to rousing cheers. “I’m sorry to say we cannot accept it.”</p><p>She told The Associated Press that she has lost faith in the United Nations system.</p><div class="l-article__part" data-shortcode="section-heading"> <div class="l-article__sectionHeading c-sectionHeading "> <span class="l-article__sectionAnchor c-sectionHeading__anchor" id="after-a-deal-nations-express-their-discontent"></span> <h2 class="c-sectionHeading__title"> After a deal, nations express their discontent </h2> </div> </div><p> </p> <div class="c-ad c-ad--bigbox l-article__ad"> <div class="c-ad__label">Story continues below advertisement</div> <div id="gpt-ad-300250-11" class="c-ad__unit" data-ad-pos="11" loading=lazy > </div> <script> if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-11","lazy":true,"targeting":{"pos":11,"slotid":"gpt-ad-300250-11"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-11","lazy":true,"targeting":{"pos":11,"slotid":"gpt-ad-300250-11"},"companion":false} ); } </script> </div> <p>A long line of nations agreed with India and piled on, with Nigeria’s Nkiruka Maduekwe, CEO of the National Council on Climate Change, calling the deal an insult and a joke.</p><p>“I’m disappointed. It’s definitely below the benchmark that we have been fighting for for so long,” said Juan Carlos Monterrey, of the Panama delegation. He noted that a few changes, including the inclusion of the words “at least” before the number $300 billion and an opportunity for revision by 2030, helped push them to the finish line.</p><p>“Our heart goes out to all those nations that feel like they were walked over,” he said.</p><p>The final package pushed through “does not speak or reflect or inspire confidence and trust that we will come out of this grave problem of climate change,” India’s Raina said.</p><p>“We absolutely object to the unfair means followed for adoption,” Raina said. “We are extremely hurt by this action by the president and the secretariat.”</p><div class="l-article__part" data-shortcode="tp_video"> <div class="c-video c-videoPlay " data-iframe-receiver data-autoplay="" data-displayinline-featured="false" data-displayinline-type="video" data-displayinline-player-id="miniplayer_10865701_6744199e6fef7" data-displayinline-video-id="10865701" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/10865701/#autoplay&stickyiframe=miniplayer_10865701_6744199e6fef7" data-displayinline-sticky="true" > <div class="c-video__inner"> <span class="c-video__placeholder"> <img class="c-video__image" alt="Click to play video: 'COP29: Little progress made since last climate summit, UN special rapporteur says'" width="640" height="360" data-src="https://i1.wp.com/media.globalnews.ca/videostatic/news/ms2npltjla-rwvkkfxagz/ONLINE_STILL_UN_SPECIAL_RAPPORTEUR.jpg?w=1040&quality=70&strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://i1.wp.com/media.globalnews.ca/videostatic/news/ms2npltjla-rwvkkfxagz/ONLINE_STILL_UN_SPECIAL_RAPPORTEUR.jpg?w=450#038;quality=70&strip=all 450w,https://i1.wp.com/media.globalnews.ca/videostatic/news/ms2npltjla-rwvkkfxagz/ONLINE_STILL_UN_SPECIAL_RAPPORTEUR.jpg?w=720#038;quality=70&strip=all 720w,https://i1.wp.com/media.globalnews.ca/videostatic/news/ms2npltjla-rwvkkfxagz/ONLINE_STILL_UN_SPECIAL_RAPPORTEUR.jpg?w=1040#038;quality=70&strip=all 1040w," data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px" > <span class="c-video__overlay"> <div class="c-button c-video__icon c-videoPlay__icon c-button--mini"> <svg class="c-icon c-button__icon" focusable="false"> <use xlink:href="https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=bahmjko3l#play"></use> </svg> </div> <div class="c-video__data"> <time class="c-video__duration">6:30</time> <span class="c-video__title">COP29: Little progress made since last climate summit, UN special rapporteur says</span> </div> </span> </span> </div> </div> </div><p>Speaking for nearly 50 of the poorest nations of the world, Evans Davie Njewa of Malawi was more mild, expressing what he called reservations with the deal.</p> <div class="c-ad c-ad--bigbox l-article__ad"> <div class="c-ad__label">Story continues below advertisement</div> <div id="gpt-ad-300250-12" class="c-ad__unit" data-ad-pos="12" loading=lazy > </div> <script> if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-12","lazy":true,"targeting":{"pos":12,"slotid":"gpt-ad-300250-12"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-12","lazy":true,"targeting":{"pos":12,"slotid":"gpt-ad-300250-12"},"companion":false} ); } </script> </div> <p>U.N. Secretary-General Antonio Guterres said in a post on X that he hoped for a “more ambitious outcome.” But he said the agreement “provides a base on which to build.”</p><div class="l-article__part" data-shortcode="section-heading"> <div class="l-article__sectionHeading c-sectionHeading "> <span class="l-article__sectionAnchor c-sectionHeading__anchor" id="some-see-deal-as-relief-following-tough-talks"></span> <h2 class="c-sectionHeading__title"> Some see deal as relief following tough talks </h2> </div> </div><p>There were somewhat satisfied parties, with European Union’s Wopke Hoekstra calling it a new era of climate funding, working hard to help the most vulnerable. But activists in the plenary hall could be heard coughing over Hoekstra’s speech in an attempt to disrupt it.</p> <div class="c-inlineSignup" data-newsletter-inline> <div class="c-inlineSignup__image"> <img width="170" height="225" loading="lazy" data-src="https://globalnews.ca/wp-content/themes/shaw-globalnews/images/skyline/national.jpg" alt="Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day."> </div> <div class="c-inlineSignup__content"> <h3>Get daily National news</h3> <div class="c-inlineSignup__blurb">Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.</div> <form class="c-newsletterSignup__container" id="ns-full-inline-form"> <fieldset class="newsletter-hidden-fields"> <input type="hidden" id="cr" name="cr" value="100431" /> <input type="hidden" id="fm" name="fm" value="101" /> <input type="hidden" id="s_brand" name="s_brand" value="gn" /> <input type="hidden" id="s_gn_daily_national" name="s_gn_daily_national" value="100" data-newsletter-inline-code /> <input type="hidden" id="s_collector" name="s_collector" value="" /> <input type="hidden" id="s_create_date" name="s_create_date" value="2024-11-25 06:30:54" /> <input type="hidden" id="s_last_modified" name="s_last_modified" value="2024-11-25 06:30:54" /> </fieldset> <label for="ns-inline-email-input" class="sr-only">Sign up for daily National newsletter</label> <input id="ns-inline-email-input" type="email" class="c-newsletterSignup__input" placeholder="Email address" required data-newsletter-inline-email /> <button id="ns-signup-button" class="c-button c-inlineSignup__button" type="button" data-newsletter-inline-submit>Sign Up</button> </form> <div class="c-inlineSignup__disclaimer">By providing your email address, you have read and agree to Global News' <a href="https://www.corusent.com/terms-of-use/" target="_blank">Terms and Conditions</a> and <a href="https://www.corusent.com/privacy-policy/" target="_blank">Privacy Policy</a>.</div> </div> </div> <p>Eamon Ryan, Ireland’s environment minister, called the agreement “a huge relief.”</p><p>“It was not certain. This was tough,” he said. “Because it’s a time of division, of war, of (a) multilateral system having real difficulties, the fact that we could get it through in these difficult circumstances is really important.”</p><p>U.N. Climate Change’s Executive Secretary Simon Stiell called the deal an “insurance policy for humanity,” adding that like insurance, “it only works if the premiums are paid in full, and on time.”</p> <div class="c-ad c-ad--bigbox l-article__ad"> <div class="c-ad__label">Story continues below advertisement</div> <div id="gpt-ad-300250-13" class="c-ad__unit" data-ad-pos="13" loading=lazy > </div> <script> if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-13","lazy":true,"targeting":{"pos":13,"slotid":"gpt-ad-300250-13"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-13","lazy":true,"targeting":{"pos":13,"slotid":"gpt-ad-300250-13"},"companion":false} ); } </script> </div> <div class="l-article__part" data-shortcode="tp_video"> <div class="c-video c-videoPlay " data-iframe-receiver data-autoplay="" data-displayinline-featured="false" data-displayinline-type="video" data-displayinline-player-id="miniplayer_10872135_6744199e70686" data-displayinline-video-id="10872135" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/10872135/#autoplay&stickyiframe=miniplayer_10872135_6744199e70686" data-displayinline-sticky="true" > <div class="c-video__inner"> <span class="c-video__placeholder"> <img class="c-video__image" alt="Click to play video: 'COP29: Activists say more than 1,700 fossil fuel lobbyist “snakes” at climate summit'" width="640" height="360" data-src="https://i2.wp.com/media.globalnews.ca/videostatic/news/ks5uqqoz3p-5xqasbce1q/COP29_web.jpg?w=1040&quality=70&strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://i2.wp.com/media.globalnews.ca/videostatic/news/ks5uqqoz3p-5xqasbce1q/COP29_web.jpg?w=450#038;quality=70&strip=all 450w,https://i2.wp.com/media.globalnews.ca/videostatic/news/ks5uqqoz3p-5xqasbce1q/COP29_web.jpg?w=720#038;quality=70&strip=all 720w,https://i2.wp.com/media.globalnews.ca/videostatic/news/ks5uqqoz3p-5xqasbce1q/COP29_web.jpg?w=1040#038;quality=70&strip=all 1040w," data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px" > <span class="c-video__overlay"> <div class="c-button c-video__icon c-videoPlay__icon c-button--mini"> <svg class="c-icon c-button__icon" focusable="false"> <use xlink:href="https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=bahmjko3l#play"></use> </svg> </div> <div class="c-video__data"> <time class="c-video__duration">2:47</time> <span class="c-video__title">COP29: Activists say more than 1,700 fossil fuel lobbyist “snakes” at climate summit</span> </div> </span> </span> </div> </div> </div><p>The deal is seen as a step toward helping countries on the receiving end create more ambitious targets to limit or cut emissions of heat-trapping gases that are due early next year. It’s part of the plan to keep cutting pollution with new targets every five years, which the world agreed to at the U.N. talks in Paris in 2015.</p><p>The Paris agreement set the system of regular ratcheting up climate fighting ambition as away to keep warming under 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels. The world is already at 1.3 degrees Celsius (2.3 degrees Fahrenheit) and carbon emissions keep rising.</p> <section id="content-dynamic-trending-stories" class="l-inlineStories l-inlineStories--tile u-hide-tablet-landscape" aria-label="Dynamic trending stories section" > <div class="l-inlineStories__heading " > <span class="l-inlineStories__title c-heading c-heading--strikethrough">Trending Now</span> </div> <ul class="l-inlineStories__posts c-posts c-posts--inline "> <li class="c-posts__item"> <a href="https://globalnews.ca/news/10885259/canada-post-strike-2nd-week-talks/" class="c-posts__inner"> <div class="c-posts__media " > <img class="c-posts__thumbnail" data-src=https://globalnews.ca/wp-content/uploads/2024/11/20241123111120-2024112311114-fa06de06f29dfcd0bcab328dd5858d6eddf1d30b92849ec8078917aa73b34301_acab55.jpg?quality=85&strip=all&w=336&h=224&crop=1 loading="lazy" width="336" height="224" alt="" /> </div> <div class="c-posts__details"> <div class="c-posts__headline "> <span class="c-posts__headlineText" title="Canada Post says no ‘major breakthrough’ in talks as strike enters 2nd week" data-title>Canada Post says no ‘major breakthrough’ in talks as strike enters 2nd week</span> </div> <div class="c-posts__author"></div> </div> </a> </li> <li class="c-posts__item"> <a href="https://globalnews.ca/news/10885913/ottawa-apologizes-inuit-dog-slaughter/" class="c-posts__inner"> <div class="c-posts__media " > <img class="c-posts__thumbnail" data-src=https://globalnews.ca/wp-content/uploads/2024/11/CP156457323.jpg?quality=85&strip=all&w=336&h=224&crop=1 loading="lazy" width="336" height="224" alt="" /> </div> <div class="c-posts__details"> <div class="c-posts__headline "> <span class="c-posts__headlineText" title="Ottawa apologizes, announces $45M compensation for Nunavik Inuit dog slaughter" data-title>Ottawa apologizes, announces $45M compensation for Nunavik Inuit dog slaughter</span> </div> <div class="c-posts__author"></div> </div> </a> </li> </ul> </section> <div class="l-article__part" data-shortcode="section-heading"> <div class="l-article__sectionHeading c-sectionHeading "> <span class="l-article__sectionAnchor c-sectionHeading__anchor" id="hopes-that-more-climate-cash-will-follow"></span> <h2 class="c-sectionHeading__title"> Hopes that more climate cash will follow </h2> </div> </div><p>Countries also anticipate that this deal will send signals that help drive funding from other sources, like multilateral development banks and private sources. That was always part of the discussion at these talks — rich countries didn’t think it was realistic to only rely on public funding sources — but poor countries worried that if the money came in loans instead of grants, it would send them sliding further backward into debt that they already struggle with.</p> <div class="c-ad c-ad--bigbox l-article__ad"> <div class="c-ad__label">Story continues below advertisement</div> <div id="gpt-ad-300250-14" class="c-ad__unit" data-ad-pos="14" loading=lazy > </div> <script> if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-14","lazy":true,"targeting":{"pos":14,"slotid":"gpt-ad-300250-14"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-14","lazy":true,"targeting":{"pos":14,"slotid":"gpt-ad-300250-14"},"companion":false} ); } </script> </div> <p>“The $300 billion goal is not enough, but is an important down payment toward a safer, more equitable future,” said World Resources Institute President Ani Dasgupta. “This deal gets us off the starting block. Now the race is on to raise much more climate finance from a range of public and private sources, putting the whole financial system to work behind developing countries’ transitions.”</p><p>And even though it’s far from the needed $1.3 trillion, it’s more than the $250 billion that was on the table in an earlier draft of the text, which outraged many countries and led to a period of frustration and stalling over the final hours of the summit.</p><div class="l-article__part" data-shortcode="tp_video"> <div class="c-video c-videoPlay " data-iframe-receiver data-autoplay="" data-displayinline-featured="false" data-displayinline-type="video" data-displayinline-player-id="miniplayer_10865615_6744199e7196a" data-displayinline-video-id="10865615" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/10865615/#autoplay&stickyiframe=miniplayer_10865615_6744199e7196a" data-displayinline-sticky="true" > <div class="c-video__inner"> <span class="c-video__placeholder"> <img class="c-video__image" alt="Click to play video: 'Goals for COP29 climate conference'" width="640" height="360" data-src="https://i2.wp.com/media.globalnews.ca/videostatic/news/e5plmo3ve2-mionudzzvt/WEB_MN_SIMON_DONNER_NOV_12TH.jpg?w=1040&quality=70&strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://i2.wp.com/media.globalnews.ca/videostatic/news/e5plmo3ve2-mionudzzvt/WEB_MN_SIMON_DONNER_NOV_12TH.jpg?w=450#038;quality=70&strip=all 450w,https://i2.wp.com/media.globalnews.ca/videostatic/news/e5plmo3ve2-mionudzzvt/WEB_MN_SIMON_DONNER_NOV_12TH.jpg?w=720#038;quality=70&strip=all 720w,https://i2.wp.com/media.globalnews.ca/videostatic/news/e5plmo3ve2-mionudzzvt/WEB_MN_SIMON_DONNER_NOV_12TH.jpg?w=1040#038;quality=70&strip=all 1040w," data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px" > <span class="c-video__overlay"> <div class="c-button c-video__icon c-videoPlay__icon c-button--mini"> <svg class="c-icon c-button__icon" focusable="false"> <use xlink:href="https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=bahmjko3l#play"></use> </svg> </div> <div class="c-video__data"> <time class="c-video__duration">4:42</time> <span class="c-video__title">Goals for COP29 climate conference</span> </div> </span> </span> </div> </div> </div><div class="l-article__part" data-shortcode="section-heading"> <div class="l-article__sectionHeading c-sectionHeading "> <span class="l-article__sectionAnchor c-sectionHeading__anchor" id="other-deals-agreed-at-cop29"></span> <h2 class="c-sectionHeading__title"> Other deals agreed at COP29 </h2> </div> </div><p>The several different texts adopted early Sunday morning included a vague but not specific reference to last year’s Global Stocktake approved in Dubai. Last year there was a battle about first-of-its-kind language on getting rid of the oil, coal and natural gas, but instead it called for a transition away from fossil fuels. The latest talks only referred to the Dubai deal, but did not explicitly repeat the call for a transition away from fossil fuels.</p> <div class="c-ad c-ad--bigbox l-article__ad"> <div class="c-ad__label">Story continues below advertisement</div> <div id="gpt-ad-300250-15" class="c-ad__unit" data-ad-pos="15" loading=lazy > </div> <script> if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-15","lazy":true,"targeting":{"pos":15,"slotid":"gpt-ad-300250-15"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-15","lazy":true,"targeting":{"pos":15,"slotid":"gpt-ad-300250-15"},"companion":false} ); } </script> </div> <p>Countries also agreed on the adoption of Article 6, creating markets to trade carbon pollution rights, an idea that was set up as part of the Paris Agreement to help nations work together to reduce climate-causing pollution. Part of that was a system of carbon credits, allowing nations to put planet-warming gasses in the air if they offset emissions elsewhere. Backers said a U.N.-backed market could generate up to an additional $250 billion a year in climate financial aid.</p><p>Despite its approval, carbon markets remain a contentious plan because many experts say the new rules adopted don’t prevent misuse, don’t work and give big polluters an excuse to continue spewing emissions.</p><p>“What they’ve done essentially is undermine the mandate to try to reach 1.5,” said Tamara Gilbertson, climate justice program coordinator with the Indigenous Environmental Network. Greenpeace’s An Lambrechts, called it a “climate scam” with many loopholes.</p><p>With this deal wrapped up as crews dismantle the temporary venue, many have eyes on next year’s climate talks in Belem, Brazil.</p><div class="l-article__part" data-shortcode="tp_video"> <div class="c-video c-videoPlay " data-iframe-receiver data-autoplay="" data-displayinline-featured="false" data-displayinline-type="video" data-displayinline-player-id="miniplayer_10872883_6744199e720c9" data-displayinline-video-id="10872883" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/10872883/#autoplay&stickyiframe=miniplayer_10872883_6744199e720c9" data-displayinline-sticky="true" > <div class="c-video__inner"> <span class="c-video__placeholder"> <img class="c-video__image" alt="Click to play video: 'Leaders call for overhaul of COP climate process'" width="640" height="360" data-src="https://i0.wp.com/media.globalnews.ca/videostatic/news/2pz5876lpi-4djjzyoirt/FRI_GN_REDMOND_SITE_THUMB_151124.jpg?w=1040&quality=70&strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://i0.wp.com/media.globalnews.ca/videostatic/news/2pz5876lpi-4djjzyoirt/FRI_GN_REDMOND_SITE_THUMB_151124.jpg?w=450#038;quality=70&strip=all 450w,https://i0.wp.com/media.globalnews.ca/videostatic/news/2pz5876lpi-4djjzyoirt/FRI_GN_REDMOND_SITE_THUMB_151124.jpg?w=720#038;quality=70&strip=all 720w,https://i0.wp.com/media.globalnews.ca/videostatic/news/2pz5876lpi-4djjzyoirt/FRI_GN_REDMOND_SITE_THUMB_151124.jpg?w=1040#038;quality=70&strip=all 1040w," data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px" > <span class="c-video__overlay"> <div class="c-button c-video__icon c-videoPlay__icon c-button--mini"> <svg class="c-icon c-button__icon" focusable="false"> <use xlink:href="https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=bahmjko3l#play"></use> </svg> </div> <div class="c-video__data"> <time class="c-video__duration">2:04</time> <span class="c-video__title">Leaders call for overhaul of COP climate process</span> </div> </span> </span> </div> </div> </div> </article> <div id="content-feedback" class="c-feedback"> <div class="c-feedback__inner"> <a class="c-feedback__link c-button c-button--tertiary c-button--small c-button--responsive" href="/pages/principles-practices/"> <svg class="c-icon c-button__icon" focusable="false"> <use xlink:href="https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=bahmjko3l#journal-standard"></use> </svg> Journalistic standards </a> <button id="commentsButton" class="c-feedback__link c-feedback__link--comments c-button c-button--tertiary c-button--small c-button--responsive" 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