COP29: Dozens of developing states temporarily walk out of finance talks

Record ID: 1858211

  • Title: COP29: Dozens of developing states temporarily walk out of finance talks
  • Date: 23rd November 2024
  • Summary: BAKU, AZERBAIJAN (NOVEMBER 23, 2024) (REUTERS) CHAIR OF LEAST DEVELOPED COUNTRIES, EVANS DAVIE NJEWA, SPEAKING TO REPORTERS AFTER WALKING OUT (SOUNDBITE) (English) CHAIR OF LEAST DEVELOPED COUNTRIES, EVANS DAVIE NJEWA, SAYING: "(We) have called for the suspension of the meeting until our views are reflected otherwise we will have no deal here, we will have no decision. Thi
  • Embargoed: 7th December 2024 14:07
  • Keywords: Azerbaijan Baku COP29 Colombia Evans Davie Njewa Kevin Conrad Malawi Susana Muhamad climate finance talks walkout
  • Location: BAKU, AZERBAIJAN
  • City: BAKU, AZERBAIJAN
  • Country: Azerbaijan
  • Topics: Climate Change,Environment,Europe,General News,Government / Politics,Climate Politics
  • Reuters ID: LVA001199723112024RP1
  • Aspect Ratio: 16:9
  • Story Text: Dozens of developing countries, including island states, walked out of a meeting on climate finance at COP29 on Saturday (November 23).
    The European Union, the U.S. and other wealthy countries raised their offer of climate funding for developing nations to $300 billion a year at COP29 on Saturday, in a bid to unlock increasingly tense negotiations already a day into overtime.
    It was not clear if the revised offer would be enough to lead to a deal, but negotiators from developing countries and island nations on Saturday aired frustration over a process they said was not inclusive, and temporarily walked out of talks.
    Evans Davie Njewa, the chair of the Least Developed Countries, said that they had suspended the talks until they saw their own interests on paper, adding that their move would "rebuild" the talks on finance and not lead to their collapse.
    Colombian Environment Minister, Susana Muhamad, said there was a risk of there being no deal on financing at the end of the negotiations but added that it was "important to push through." She said the Global North needs to make more commitments in terms of finance.
    Kevin Conrad, the executive director of the Coalition of Rainforest Nations, said it was not the right strategy to place the whole summit on the finance issue, when there are other issues that need to be agreed on. "Let's get in what we can," he told reporters.
    (Production: Bulent Usta, Ali Kucukgocmen)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2024. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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