But at 2:40 a.m. local time Sunday, more than 30 hours after deadline, the gavel finally went down on the agreement between nearly 200 countries.
“It has been a difficult journey, but we’ve delivered a deal,” said Simon Stiell, head of the United Nations Framework Convention on Climate Change.
Rich countries, which are overwhelmingly responsible for historical climate change, agreed in 2009 to provide $100 billion a year by 2020 to developing countries.
The G77 group of developing countries had called for a sum of $500 billion.
“We have arrived at the boundary between what is politically achievable today in developed countries and what would make a difference in developing countries,” said Avinash Persaud, special advisor on climate change to the President of the Inter-American Development Bank.
Persons:
we’ve, ”, Simon Stiell, Tina Stege, ” Stege, Chandni Raina, CO29, Avinash Persaud, Li Shuo
Organizations:
CNN, United Nations, Inter, American Development Bank, Asia Society Policy Institute
Locations:
COP29, Baku, Azerbaijan, Marshall Islands, China, Saudi Arabia