A new climate finance deal is agreed at the COP29 conference in Baku, Azerbaijan, following an exhaustive two weeks of negotiations. The deal commits developed nations to pay at least $300 billion a year by 2035 to help developing countries green their economies and prepare for disasters.
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00:02Applause
00:20This document is nothing more than an optical illusion.
00:35This, in our opinion, will not address the enormity of the challenge we all face.
00:42Therefore, we oppose the adoption of this document.
00:46We oppose the adoption of this document.
00:50India opposes the adoption of this document.
00:55And please take note and regard of what we have just said from the floor of this room.
01:02Applause
01:05Last year I said that COP28 was the beginning of the end of fossil fuels.
01:10And what I would like to add now is that, in my view, COP29 will be remembered as the start of a new era for climate finance.
01:19Applause