Rich nations did 'great escape' from finance obligations at UN climate summit: CSE.

The article from India Together discusses the outcomes of the 29th Conference of Parties to the United Nations Framework Convention on Climate Change (COP29) in Baku, Azerbaijan. The document highlights the disappointment expressed by the Centre for Science and Environment (CSE) regarding the lack of meaningful agreements on climate finance, particularly in terms of quantity and quality. Developed nations were criticized for failing to meet the financial obligations towards developing countries, with concerns raised about the insufficiency of the $300 billion per year deal by 2035 and the lack of accountability in the climate finance framework. Additionally, the article touches upon the adoption of Article 6 of the Paris Agreement at COP29, with doubts raised about the effectiveness and accountability of the market-based trades for carbon credits outlined in the agreement. [Extracted from the article]