Climate Finance Stalemate: $300 Billion Deal Fails to Convince Developing Nations
α΄΅βΏ α΅αΆ¦α΅α΅Λ’ α΅αΆ αΆΛ‘αΆ¦α΅α΅α΅α΅ α΅α΅α΅Κ³α΅α΅βΏαΆΚΈ https://climateclock.world/ Posted: June 2025 In November 2024, world leaders at COP29 in Baku reached what was hailed as a historic agreement: a pledge to mobilize $300 billion per year in climate finance by 2035 . Yet just months later, criticism is mounting—especially from the Global South—calling the deal "abysmally poor" and out of touch with real-world urgency. Underfunded and Overpromised To meet the 2035 target, global climate finance must reach around $160 billion in 2025 alone . As of mid-2025, the world is significantly behind. While the World Bank is expected to contribute nearly $53 billion this year, it’s not enough. And with donor countries like the U.S. pulling back—reportedly slashing up to $18 billion—confidence is eroding fast. Developing Nations Take Initiative Facing slow disbursement and uncertain funding, countries in the Global South are turning toward new regional partnerships. Institutions like the New ...