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Proposed UN climate finance pledge will require "extraordinary" effort: US

World News

2024-11-22 | 07:12

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Proposed UN climate finance pledge will require "extraordinary" effort: US

A proposed commitment for wealthy nations to pay $250 billion a year to the developing world on climate will require "extraordinary reach", a U.S. official said Friday, signaling a reluctance to negotiate a higher figure.

"It has been a significant lift over the past decade to meet the prior, smaller goal. $250 billion will require even more ambition and extraordinary reach," the senior official said on condition of anonymity after the release of a new draft agreement at COP29 talks in Azerbaijan.

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