Mohamed Adow, founding director of Power Shift Africa, criticized the finance target proposed at COP29, calling it 'a great swindle' as it heavily underestimates needed support for climate-affected nations.
Claudio Angelo emphasized the pervasive injustice in climate finance, labeling the commitment of $250 billion per year from wealthy nations as 'totally unacceptable' for countries suffering the most from climate impacts.
Oil Change International described the new finance text as 'an absolute embarrassment', suggesting that entrusting wealthier nations with funding is akin to 'handing the keys to the fire truck to the arsonist'.
The negotiations at COP29 have been fraught with contention, as activists express outrage over the insufficient financial commitments being offered to the most vulnerable countries facing climate crises.
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