Kenya and other developing countries walked out of a meeting, rejecting a $300 billion new public climate finance at the UN Climate Change Conference (COP29), saying the proposal was insulting.
The countries on Saturday, November 23, walked out of the meeting, after the proposed initial deal was changed.
Initially, developed countries proposed $250 billion in annual funding, an offer that was immediately rejected by developing nations, who had been demanding at least $1 trillion per year.
However, after extensive consultations on Friday night and Saturday morning, the offer was marginally increased to $300 billion.
The revised proposal was not welcomed by small island states and the least-developed countries, who said that the revised proposal was inadequate and walked out of the meeting.
The negotiations were then extended into Sunday, and decided by 3:00 am, drawing criticism from developing countries and activists, who have branded it a betrayal of climate justice.
