Negotiators from rich and poor nations were engaged in intense talks on financial support for developing countries, as they faced significant dissatisfaction with the new proposal.
The rough draft for climate finance discussed was seen as unacceptable, particularly by the Least Developed Countries and small island states, leading to their walkout.
Developing countries voiced their dissatisfaction, accusing wealthier nations of attempting ‘a war of attrition’ to minimize the financial support essential for climate adaptation.
Environmental activists criticized the U.S. for its inadequate contributions to climate finance, emphasizing the stark difference between proposed and required funding levels to combat climate change.
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