{"id":217240,"date":"2024-11-25T14:46:01","date_gmt":"2024-11-25T18:46:01","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=217240"},"modified":"2024-11-25T14:46:03","modified_gmt":"2024-11-25T18:46:03","slug":"cop29-climate-talks-end-with-300-billion-annual-pledge-guterres-calls-deal-a-base-to-build-on","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/cop29-climate-talks-end-with-300-billion-annual-pledge-guterres-calls-deal-a-base-to-build-on\/","title":{"rendered":"COP29 climate talks end with $300 billion annual pledge, Guterres calls deal a \u2018base to build on\u2019"},"content":{"rendered":"<div id=\"antig-3902098652\" class=\"antig-ecab antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-887412382\" class=\"antig-before-content antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/medicalbenefitsscheme\" aria-label=\"mbs may\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg 1200w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:341\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1200\" height=\"400\"   \/><\/a><\/div>\n<p>Developing nations who had sought over $1 trillion in assistance called the agreement \u201cinsulting,\u201d arguing it didn\u2019t provide the vital resources they needed.<\/p><div id=\"antig-3067661307\" class=\"antig-content_5 antig-entity-placement\"><a href=\"https:\/\/www.antiguabarbudaculinarymonth.com\/\" aria-label=\"culinary\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2560w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:132\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:450\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:337\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:1536\/h:675\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1536w, https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:842\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2048w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"2560\" height=\"1124\"   \/><\/a><\/div>\n\n\n\n<p>Rich nations pledged to contribute at least $300 billion annually to the global fight against climate change as UN climate talks came to a contentious end early Sunday morning in Baku. Developing nations who had sought over $1 trillion in assistance called the agreement \u201cinsulting\u201d and argued it did not give them the vital resources they required to truly address the complexities of the climate crisis.<\/p>\n\n\n\n<p>After two weeks of intense negotiations, delegates at&nbsp;<a href=\"https:\/\/www.un.org\/en\/climatechange\/cop29\">COP29<\/a>, formally the 29th Conference of Parties to the UN Framework Convention on Climate Change (<a href=\"https:\/\/unfccc.int\/\">UNFCCC<\/a>),&nbsp;<a href=\"https:\/\/unfccc.int\/news\/cop29-un-climate-conference-agrees-to-triple-public-finance-to-developing-countries-protecting-lives\">agreed to provide<\/a>&nbsp;this funding annually, with an overall climate financing target to reach \u201cat least $1.3 trillion by 2035\u201d.<\/p><div id=\"antig-4275243977\" class=\"antig-content_4 antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-4087807626\" class=\"antig-content_12 antig-entity-placement\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1320\/h:730\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1320\/h:730\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 1320w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:166\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:566\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:425\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:696\/h:385\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 696w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1320\" height=\"730\"   \/><\/div>\n\n\n\n<p>Countries also agreed on the rules for a&nbsp;<a href=\"https:\/\/unfccc.int\/news\/cop29-agrees-international-carbon-market-standards\">UN-backed global carbon market<\/a>. This market will facilitate the trading of carbon credits, incentivizing countries to reduce emissions and invest in climate-friendly projects.<\/p><div id=\"antig-2720538701\" class=\"antig-content antig-entity-placement\"><a href=\"https:\/\/www.antiguabarbudaculinarymonth.com\/\" aria-label=\"culinary\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2560w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:132\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:450\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:337\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:1536\/h:675\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1536w, https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:842\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2048w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"2560\" height=\"1124\"   \/><\/a><\/div>\n\n\n\n<p>These were among the big-ticket issues decided upon as the summit, underway since 11 November in the enormous Baku Stadium in the Azerbaijan capital,&nbsp;<strong>ran into double overtime<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Other steps forward at COP29 included:&nbsp;<\/p><div id=\"antig-366876738\" class=\"antig-content_2 antig-entity-placement\"><a href=\"https:\/\/www.courts.com\/antigua\/\" aria-label=\"500X500\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:500\/h:500\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/500X500.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:500\/h:500\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/500X500.jpg 500w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/500X500.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:150\/h:150\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/500X500.jpg 150w\" sizes=\"(max-width: 500px) 100vw, 500px\" width=\"500\" height=\"500\"   \/><\/a><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>extension of a\u00a0<a href=\"https:\/\/unfccc.int\/topics\/gender\/workstreams\/the-enhanced-lima-work-programme-on-gender\">programme centered on gender and climate change<\/a><strong>;\u00a0<\/strong>and\u00a0<\/li>\n\n\n\n<li>agreement on support for the least developed countries to carry out\u00a0<a href=\"https:\/\/unfccc.int\/topics\/adaptation-and-resilience\/workstreams\/national-adaptation-plans\">national adaptation plans<\/a><strong>.<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>This summit had been dubbed the \u2018climate finance COP<\/strong>\u2019, and representatives from all countries were seeking to establish a new, higher climate finance goal.&nbsp;<\/p>\n\n\n\n<p>The target, or&nbsp;<a href=\"https:\/\/unfccc.int\/NCQG\">new collective quantified goal<\/a>&nbsp;(NCQG), will replace the existing $100 billion goal that is due to expire in 2025.<\/p><div id=\"antig-3215383980\" class=\"antig-content_3 antig-entity-placement\"><a href=\"https:\/\/www.courts.com\/antigua\/\" aria-label=\"IMG_1115\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:864\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:864\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 1080w, https:\/\/mlavawteztbj.i.optimole.com\/w:240\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 240w, https:\/\/mlavawteztbj.i.optimole.com\/w:819\/h:1024\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 819w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:960\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1080\" height=\"1350\"   \/><\/a><\/div>\n\n\n\n<p>In the closing days at COP29,&nbsp;<strong>negotiating teams from the developed and developing worlds were deadlocked over a final deal<\/strong>, with reports that representatives for least developed countries and the Alliance of Small Island States (AOIS) had walked out of the talks.<\/p><div id=\"antig-2291415092\" class=\"antig-content_6 antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u2018A more ambitious outcome\u2019<\/strong><\/h2>\n\n\n\n<p>Reacting to the outcome, UN&nbsp;<a href=\"https:\/\/www.un.org\/sg\/\">Secretary-General Ant\u00f3nio Guterres<\/a>&nbsp;said that while an agreement at COP29 was absolutely essential to keep the 1.5-degree limit alive, \u201c<a href=\"https:\/\/www.un.org\/sg\/en\/content\/sg\/statement\/2024-11-23\/un-secretary-general-statement-cop29\">I had hoped for a more ambitious outcome<\/a>&nbsp;\u2013 on both finance and mitigation \u2013 to meet the great challenge we face.\u201d<\/p>\n\n\n\n<p>But he continued,<strong>&nbsp;this agreement provides a base on which to build<\/strong>&nbsp;and added: It must be honoured in full and on time. Commitments must quickly become cash. All countries must come together to ensure the top-end of this new goal is met.&#8221;<\/p>\n\n\n\n<p>For many vulnerable nations, it represents a glimmer of hope\u2014but only if commitments translate into swift action. \u201cCommitments must quickly become cash,\u201d the Secretary-General stressed, urging all countries to work together to meet the upper end of the new financial goal.<\/p>\n\n\n\n<p>Beyond finance, COP29 built on previous gains in emissions reduction targets, the acceleration of the energy transition, and a long-sought agreement on carbon markets. These achievements come despite an \u201cuncertain and divided geopolitical landscape,\u201d which threatened to derail negotiations.<\/p>\n\n\n\n<p>The UN chief commended negotiators for finding common ground, noting, \u201c<strong>You have shown that multilateralism \u2013 centred on the&nbsp;<\/strong><a href=\"https:\/\/unfccc.int\/process-and-meetings\/the-paris-agreement\/the-paris-agreement\"><strong>Paris Agreement<\/strong><\/a><strong>&nbsp;\u2013 can find a path through the most difficult issues<\/strong>.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u2018An insurance policy for humanity\u2019<\/strong><\/h2>\n\n\n\n<p>UN Climate Change Executive Secretary Simon Stiell described the new finance goal agreed at COP29 as \u201c<a href=\"https:\/\/unfccc.int\/news\/this-new-finance-goal-is-an-insurance-policy-for-humanity-simon-stiell-at-close-of-cop29\">an insurance policy for humanity<\/a>.\u201d<\/p>\n\n\n\n<p>\u201cThis deal will keep the clean energy boom growing and protect billions of lives.&nbsp; It will help all countries to share in the huge benefits of bold climate action: more jobs, stronger growth, cheaper and cleaner energy for all.\u202f<strong>But like any insurance policy&nbsp;\u2013 it only works&nbsp;\u2013 if the premiums are paid in full, and on time.<\/strong>\u201d<\/p>\n\n\n\n<p>He acknowledged that no country got everything they wanted, and that the world leaves Baku with a mountain of work to do. \u201cSo, this is no time for victory laps. We need to set our sights and redouble our efforts on the road to Bel\u00e9m,\u201d in the eastern Amazonian region of Brazil, which is set to host COP30 next year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u2018Weak, insulting deal\u2019<\/strong><\/h2>\n\n\n\n<p>While some delegations applauded the deal, many from the developing world, including Bolivia and Nigeria,&nbsp;<strong>expressed their deep disappointment at what they argued was an \u201cinsultingly low\u201d financing target&nbsp;<\/strong>and that the agreed text failed to significantly build on an agreement last year at COP28 in Dubai calling for nations to \u201c<a href=\"https:\/\/news.un.org\/en\/story\/2023\/12\/1144742\">transition away from fossil fuels<\/a>\u201d.<\/p>\n\n\n\n<p>India&#8217;s representative strongly denounced the new goal, calling it a \u201cpaltry sum\u201d and emphasizing, \u201c<strong>We seek a much higher ambition from the developed countries<\/strong>&nbsp;[and the amount agreed] does not inspire trust that we will come out of this grave problem of climate change.\u201d<\/p>\n\n\n\n<p>A representative from a group of small island nations said: \u201cAfter this COP29 ends, we cannot just sail off into the sunset.&nbsp;<strong>We are literally sinking<\/strong>,\u201d and the conference outcome highlighted \u201cwhat a very different boat our vulnerable countries are in, compared to the developed countries\u201d.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/caribbean.un.org\/sites\/default\/files\/styles\/featured_image\/public\/2024-11\/cop29%20outcome.jpg?itok=P_Xdv6Wy\" alt=\"Civil society actors at COP29 in Baku, Azerbaijan, advocate for climate financing initiatives.\"\/><figcaption class=\"wp-element-caption\">Caption: Civil society actors at COP29 in Baku, Azerbaijan, advocate for climate financing initiatives.<br>Photo: \u00a9 UNFCCC\/Kiara Worth<\/figcaption><\/figure>\n\n\n\n<p>Sierra Leone\u2019s representative said African nations were disappointed in the outcome, which \u201c<strong>signals a lack of goodwill by developed countries<\/strong>.\u201d Indeed, the $300 billion deal was \u201cless than a quarter of what science shows is needed and barely enough to forestall a climate catastrophe\u201d.<\/p>\n\n\n\n<p>Striking a different tone, a representative from the delegation of the European Union said the new climate finance goal would \u201c<strong>simply will bring much, much more private money on the table, and that is what we need<\/strong>. And with these funds, we are confident we will reach the 1.3 trillion objective.\u201d<\/p>\n<div id=\"antig-3236344203\" class=\"antig-in-comments_2 antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/@hadeedmotorsltd\" aria-label=\"Hadeed_WEB_Banner_MG-2\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 1000w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:75\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:192\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1000\" height=\"250\"   \/><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Developing nations who had sought over $1 trillion in assistance called the agreement \u201cinsulting,\u201d arguing it didn\u2019t provide the vital resources they needed. Rich nations pledged to contribute at least $300 billion annually to the global fight against climate change as UN climate talks came to a contentious end early Sunday morning in Baku. Developing [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":217241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-217240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>COP29 climate talks end with $300 billion annual pledge, Guterres calls deal a \u2018base to build on\u2019 - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/cop29-climate-talks-end-with-300-billion-annual-pledge-guterres-calls-deal-a-base-to-build-on\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COP29 climate talks end with $300 billion annual pledge, Guterres calls deal a \u2018base to build on\u2019\" \/>\n<meta property=\"og:description\" content=\"Developing nations who had sought over $1 trillion in assistance called the agreement \u201cinsulting,\u201d arguing it didn\u2019t provide the vital resources they needed. 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