COP29 negotiates new climate financing against the clock under pressure from activists • International • Forbes Mexico

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EFE.- The Baku climate summit, officially in extension, is negotiating against the clock an agreement in which it will set the amount that the Global North must pay to the developing world to finance climate action there, under pressure from activists who demand the Global South to “resist and fight back.”

“Resist, stand up, fight back,” a group of activists asked their political representatives in a protest held this Saturday at the climate summit, a meeting that the city of Baku has hosted since November 11 and which was scheduled to end. on Friday.

“It is better to leave here without an agreement than with a bad one,” they argued at the protest, where activists demanded that rich countries “pay” for the energy transition and adaptation to the inevitable impacts of climate change in developing states. , where they affirm, on the one hand, they suffer the consequences of global warming the most and, on the other, they are the ones who have contributed the least to this phenomenon.

The text that the Azeri presidency of COP29 published on Friday proposed that the amount to be mobilized from the North to the Global South be 250 billion dollars, a figure that was welcomed by developed countries such as the United States, Australia or the European bloc, but rejected by many developing states, which they claimed was “unacceptable”.

From the Climate Action Network (CAN), an international network that brings together different civil society organizations – many of them with representatives at COP29 -, they encouraged developing countries to abandon the process if the figure is not ambitious enough. .

The usual thing is that the closing of the climate summit is delayed and the meeting is extended until the weekend, as has also happened this year: the longest extension in history was that of the Madrid summit, in 2019, when It ended 44 hours later than planned.

For this reason, many delegates booked their flights for Saturday night or Sunday, reported sources from the organization, who do not expect the negotiations to go beyond Saturday night, although they cannot guarantee it either.

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