UN Climate Deal Reached
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climate fundingVOA
•Nations at UN climate talks agree on $300B a year for poor countries
71% Informative
The $300 billion will go to developing countries who need the cash to wean themselves off the coal, oil and gas that causes the globe to overheat.
It's not near the full amount of $1.3 trillion that developing countries were asking for, but it’s three times a deal of $100 billion a year from 2009 that is expiring.
Some delegations said this deal is headed in the right direction, with hopes that more money flows in the future.
India negotiator Chandni Raina said she has lost faith in the United Nations system.
The deal is far from the needed $1.3 trillion , but it's more than the $250 billion that was on the table in an earlier draft of the text.
The text includes a vague but not specific reference to last year's Global Stocktake in Dubai .
The latest talks only referred to the Dubai deal, but did not explicitly repeat the call for a transition away from fossil fuels.
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