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Al Jazeera
Al Jazeera
Environment

‘It’s a joke’: $250bn climate finance offer met with scorn at COP29

COP29 Climate Change Azerbaijan United Nations
Activists hold a protest calling on developed nations to provide financing to fight climate change, during COP29 in Baku, Azerbaijan [Murad Sezer/Reuters]

Negotiations at the COP29 climate conference have extended into overtime after an offer by wealthy countries to provide $250bn a year in climate financing for developing countries was roundly rejected.

The presidency of the global talks in Baku, Azerbaijan, released a draft finance deal on Friday, which it insisted was a result of “an extensive and inclusive consultation process”.

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