Dominica calls for greater climate funding as COP 29 sets $300B annual target

Dominica is urging small island developing states to continue pushing for increased funding for climate change following the United Nations Conference of the Parties (COP 29) agreement for climate change funding of 300 billion US dollars annually up to 2035.

The UN Climate Change Executive Secretary, Simon Stiell, has described the new finance goal negotiated at COP 29, which ended in Azerbaijan last weekend, as an insurance policy for humanity.

But developing countries, including those in the Caribbean, which had sought over one trillion dollars in assistance, have called the agreement an insult and argued it did not give them the vital resources they required to truly address the complexities of the climate crisis.