A $300B a year deal for climate cash at UN summit sparks outrage for some and hope for others

Manila Bulletin

United Nations climate talks adopted a deal to inject at least $300 billion annually in humanity's fight against climate change, aimed at helping developing nations cope with the ravages of global warming in tense negotiations. (Courtesy of Associated Press)  READ MORE: https://mb.com.ph/2024/11/24/nations-at-un-climate-talks-agree-on-300-b-a-year-for-poor-countries-in-a-compromise-deal  Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletin  Visit our website at http://mb.com.ph Facebook: https://www.facebook.com/manilabulletin Twitter: https://www.twitter.com/manila_bulletin Instagram: https://instagram.com/manilabulletin Tiktok: https://www.tiktok.com/@manilabulletin  #ManilaBulletinOnline #ManilaBulletin #LatestNews

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00:00The amount that is proposed to be mobilized is abysmally poor, it's a paltry sum, it is

00:11not something that will enable conducive climate action that is necessary for the survival

00:19of our country and for the growth of our people, their livelihoods.

00:24And I'm sorry to say that we cannot accept it.

00:29Nigeria, you have the floor.

00:30If we walk back home with 300 and we say that the developed countries are taking the lead,

00:38this is an insult to what the convention says.

00:44Thank you, thank you Mukta.

00:46It has been a difficult journey, but we've delivered a deal.

00:52This new finance goal is an insurance policy for humanity, amid worsening climate impacts

01:00hitting every country.

01:03But like any insurance policy, it only works if premiums are paid in full and on time.

01:12This is the only space that we have to negotiate and to work towards our common goals.

01:23We accepted the text because we could not leave Baku without a text, but we're not satisfied

01:28whatsoever.

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