"We are really deeply insulted by this proposal," Lydinyda Nacpil, of the Jubilee South Asia Pacific Movement, told DW. The proposed funding for climate action, $250 billion by 2035, was seen as a significant disappointment compared to the over $1 trillion requested by developing nations. Nacpil's reaction reflects a larger sentiment among underrepresented nations who feel slighted by the disparity in expectations and the realities of proposed commitments.
"No developing country will fall for this. They have angered and offended the developing world," said Mohamed Adow, from Power Shift Africa. The frustration centers around the perceived lack of engagement and commitment from developed nations, suggesting that the proposed amount is inadequate to address the urgent needs and aspirations for climate action that developing countries face.
A senior US official commented, "$250 billion will require even more ambition and extraordinary reach. This goal will need to be supported by ambitious bilateral action, multilateral development bank contributions, and efforts to better mobilize private finance, among other critical factors." This highlights the complexity and challenges in achieving climate funding goals amidst differing expectations.
EU commissioner for climate action, Wopke Hoekstra, described the text as "clearly unacceptable." He stated, "There's not a single ambitious country who thinks this is nearly good enough." This indicates a strong consensus among developed nations on the need for a more robust climate finance arrangement.
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