COP29 funding agreement criticised

Michelle Higelin and delegates at COP29 take part in climate finance action.jpg

ActionAid executive director, Michelle Higelin, (far right) and Pasefika climate activists at COP29 in Buka, Azerbaijan. Credit: Jess Midwinter/Jess Midwinter

ActionAid executive director, Michelle Higelin, has criticised the low level of funding agreed upon at the COP29 summit in Buka, Azerbaijan.


Ms Michelle Higelin told us in this interview that the biggest polluting countries in the world, including Australia, should have put up a much higher amount of funding for smaller countries impacted by climate change through no fault of their own.

Ms Higelin is concerned at the way climate funding will be impacted over the next four years by the policies of the new Trump administration in the United States.

Australia is hoping to host COP31 in 2026 in partnership with other Pacific nations. Ms Higelin says it is a concern that new coal and gas mines are still being approved by governments in Australia with no set commitment to a move to full renewable energy.

COP29 agreed on a climate funding target of US$300 Billion which is less than half of the US$1 Trillion ActionAid and smaller island states argued for.

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