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Newshour

Climate finance deal angers poorer countries

Newshour

BBC

News, Daily News

4.21.1K Ratings

🗓️ 24 November 2024

⏱️ 40 minutes

🧾️ Download transcript

Summary

A finance deal reached at the COP29 summit in Azerbaijan to help less-developed countries tackle climate change has been bitterly criticised for failing to meet the scale of the challenge. We talk to those who support it and those who say it is a “slap in the face”.

Also in the programme: UK parliament prepares to vote on a bill giving ill adults in England and Wales the right to choose to end their life; and London Jazz Festival hosts a special acknowledgement of 30 years of post-apartheid democracy in South Africa.

(Credit: Activists protest to urge world leaders to commit to a strong climate finance deal during COP29, in Baku Photo: Reuters.)

Transcript

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0:00.0

Hello and welcome to Newsar from the BBC World Service.

0:08.1

Coming to you live from our studios in central London, I'm Julian Marshall.

0:13.4

Climate change is the defining issue of our time and with the world on course to experience its hottest year on record.

0:21.1

This is arguably a defining moment.

0:23.5

So much was expected of the just concluded UN Climate Summit COP 29 in Azerbaijan.

0:30.9

Developing countries, which are suffering disproportionately from the growing number of extreme weather events,

0:37.1

had hoped for massive compensation

0:39.6

from rich countries historically the biggest emitters of the greenhouse gas emissions which go

0:45.7

towards causing global warming. Under a framework UN agreement, those wealthy countries are

0:51.6

obliged to contribute to climate finance, to help less developed countries tackle the consequences of global warming.

0:59.0

That figure currently stands at $100 billion a year, and although it was up to $300 billion in Baku, it's been widely criticized for failing to meet the scale of the challenge.

1:11.5

Nonetheless, there was applause in the plenary session when a deal was finally reached

1:15.7

after lengthy and often bitter negotiations that overran the scheduled end of the summit.

1:35.9

And addressing the negotiators, Simon Steele, Executive Secretary of UN Climate Change,

1:41.8

conceded that the agreement was far from perfect while referencing next year's summit in Brazil.

1:46.2

No country got everything they wanted,

1:50.9

and we leave Baku with a mountain of work to do.

1:56.3

The many other issues we need to progress may not be headlines,

2:00.6

but they are lifelines for billions of people.

2:04.2

So this is no time for victory laps.

2:10.2

We need to set our sights and redouble our efforts on the road to Belang.

2:15.1

Well, let's hear first from Daisy Dunn, just back in the UK, from Barku.

...

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