RT International The climate crisis is a global problem that requires global solutions, but the burden is distributed unfairly
By Moussa Ibrahim,
As delegates from around the world gathered in Baku, Azerbaijan, for the 2024 United Nations Climate Change Conference (COP29), the stage was set for another round of pledges, promises, and- if recent history is a guide – disappointments.
While leaders from the Global North polished their speeches about ambitious green transitions, the Global South braced for more empty rhetoric. The chasm between rich and poor nations has widened, and this year’s conference may serve as the tipping point for developing countries that are tired of bearing the brunt of climate change without the resources or respect they deserve.
The broken promises of climate finance
The roots of this frustration are clear. In 2009, wealthy nations pledged $100 billion per year in climate finance by 2020. Fast forward to 2024, and this target has yet to be met. To add insult toinjury, the amount promised is widely acknowledged as insufficient. Developing countries,including India and much of Africa, have repeatedly argued that at least $1.3 trillion annually isneeded to address their adaptation and mitigation challenges effectively.
“Climate finance is not charity; it is an obligation,” India’s environment minister said recently,calling out wealthier nations for their failure to deliver on commitments. His sentiment is echoedacross the Global South, where countries are struggling to finance renewable energy projects,coastal defenses, and drought-resistant agriculture.
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