Climate organizations disappointed by “small” sum agreed at climate summit in Baku

Nature and environmental organizations are deeply disappointed with the new amount of 300 billion dollars for climate support, agreed at the climate summit in Baku. Developing countries and climate experts wanted that amount to be considerably higher and Greenpeace therefore calls it "an absolute minimum agreement".

Jasper Inventor, Head of COP29 Greenpeace Delegation said that the agreed climate finance goal “ is woefully inadequate and overshadowed by the level of despair and scale of action needed. The best and worst of multilateralism saw isolated blockers and difficult talks stymie change before a deal was brokered at the death knell.”

"With this target for climate finance, rich countries like the Netherlands are leaving the people who are most vulnerable to the climate crisis out in the cold. It is miles away from what they need. Rich countries can really do more than this if they tax the fossil fuel industry and make them pay for the damage caused by the climate crisis. Still, it gives a glimmer of hope that an agreement was reached at the very last minute, despite all the headwinds,” Maarten de Zeeuw of Greenpeace adds.

The World Wildlife Fund (WWF) calls it a weak financial deal. "The lack of urgency shown by world leaders in Baku is frustrating. Climate change is not a distant threat; it is happening, and people around the world are already suffering. Protecting citizens from the worsening impacts will cost significantly more money, yet EU leaders and other major historical polluters continue to stall and refuse to take responsibility and open their wallets."

According to the Climate Action Network, the climate summit left a "trail of broken promises" and failed to deliver the results "urgently needed to address the escalating climate crisis". In the eyes of the umbrella organization of climate organizations, the rich countries are responsible for "the failed outcome" of the summit. "The talks were characterized by a lack of transparency, weak leadership and insufficient action on climate finance and mitigation. And fell short of the promises of the Paris Agreement."