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Doubts over climate funding as donors squeeze aid

Activists hold a silent protest inside the COP29 venue to demand that rich nations provide climate finance to developing countries, during the United Nations Climate Change Conference (COP29) in Baku on November 16, 2024. [AFP]

There are growing doubts about a pledge by rich nations to provide more climate finance to poorer nations, as foreign aid budgets are slashed and the US guts environmental spending.

Richer nations committed at the UN COP29 summit in November to boost spending on climate action in developing countries to $300 billion a year by 2035, an amount decried as woefully inadequate.

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