After two weeks of intense negotiations, nearly 200 nations reached a contentious agreement on climate finance at a summit in Baku, Azerbaijan.
- The deal aims to mobilize financial resources to combat climate change and was celebrated by some as a milestone in international cooperation.
- However, India, represented by delegate Chandni Raina, strongly rejected the terms, criticizing the financial commitment as inadequate.
- Raina stated, “The amount that is proposed to be mobilized is abysmally poor. It’s a paltry sum,” calling the document “little more than an optical illusion.”
- The summit drew global leaders, climate activists, and financial experts, but the final agreement left many participants divided over its effectiveness.
- The finance pact outlines a commitment by developed nations to provide additional funding to help developing countries address climate change and transition to sustainable energy, though specific dollar figures were not disclosed.b
