“The supposed ‘COP of climate finance’ has turned into the ‘COP of false solutions. The terrible deal on finance destroys the notion of historical responsibility of the rich big polluting countries and pushes private debt creating finance. Global North countries are no longer obligated to provide finance to the Global South as enshrined in the Paris Agreement. COP29 also put a final nail in the coffin, opening the door to the global carbon market and the disastrous impacts for communities and ecosystems. We have seen the impacts of these schemes: land grabs, Indigenous Peoples rights and human rights violations and more.”
