Brazil proposes rich countries give $300 bn a year in climate finance at COP29: Video

Name: Brazil proposes rich countries give $300 bn a year in climate finance at COP29: Video
Uploaded: 2024-11-23T01:04:03.860Z
Duration: PT35.213S
Description: At a press conference during COP29, Brazil's Environment Minister, Marina Silva, called for an increased financial commitment from developed countries to address global climate change.

Brazil's Minister of Environment Marina Silva speaks during a press conference at the COP29 United Nations climate change conference, in Baku, Azerbaijan November 22, 2024. REUTERS/Maxim Shemetov

Source: REUTERS

At a press conference during COP29, Brazil's Environment Minister, Marina Silva, called for an increased financial commitment from developed countries to address global climate change.

Silva proposed that these nations contribute $300 billion annually by 2030, surpassing the $250 billion outlined in the draft agreement presented at the summit, the AFP reported.

Silva emphasized the urgency of securing robust climate action, stating, "We'll be working right up to the last minute to ensure that we don’t bring the multilateral system into disrepute when it comes to tackling climate change."

Brazil's proposal highlights the growing divide between developed and developing nations over the level of financial support required to mitigate the impacts of global warming and promote sustainable development.

Believe Domor