No Result
View All Result
Wednesday, July 16, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    File photo

    Sidharth Malhotra, Kiara Advani welcome baby girl

    (Image: Instagram/Aliza Sultan)

    Once bitten, twice shy: Aliza Sultan says to think for 100 years before marriage

    Ishtiyak Khan

    What made Salman Khan and Ranbir Kapoor’s co-star run an omelette stall?

    Dua-e-Khadija during Miss Global Pakistan 2025 (Image: Instagram/misspakistanglobal)

    Dua-e-Khadija from Peshawar wins Miss Global Pakistan 2025 crown

    Mohan Raj

    Video: Stunt artist Mohan Raj dies during car stunt for film

    Kahiin to hoga

    Why did Rajeev Khandelwal quit Kahiin To Hoga at the peak of his fame?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    File photo

    Sidharth Malhotra, Kiara Advani welcome baby girl

    (Image: Instagram/Aliza Sultan)

    Once bitten, twice shy: Aliza Sultan says to think for 100 years before marriage

    Ishtiyak Khan

    What made Salman Khan and Ranbir Kapoor’s co-star run an omelette stall?

    Dua-e-Khadija during Miss Global Pakistan 2025 (Image: Instagram/misspakistanglobal)

    Dua-e-Khadija from Peshawar wins Miss Global Pakistan 2025 crown

    Mohan Raj

    Video: Stunt artist Mohan Raj dies during car stunt for film

    Kahiin to hoga

    Why did Rajeev Khandelwal quit Kahiin To Hoga at the peak of his fame?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

COP29 breakthrough: $300 billion climate fund proposed for developing nations

MM News Staff by MM News Staff
November 25, 2024
cilmate

(Image: E Tribune)

At COP29 on Saturday, the European Union, the US, and other affluent nations raised their climate funding offer for developing countries to $300 billion annually. This move aims to break the deadlock in negotiations, which had already gone into overtime, a day beyond the summit’s scheduled conclusion.

According to a report by Pak Observer on Saturday, the UN climate summit, initially set to end on Friday, extended into extra hours as nearly 200 countries worked toward a consensus on a climate finance plan for the next decade.

While it remains uncertain whether the revised offer will lead to a deal, negotiators from developing and island nations expressed frustration with the process, which they deemed exclusionary. Some briefly walked out of the talks. The $250 billion proposal drafted by Azerbaijan’s COP29 presidency on Friday was rejected as inadequate by developing nations, who are grappling with the mounting costs of climate-related disasters like storms, floods, and droughts.

The summit has highlighted the divide between wealthier nations, facing tight domestic budgets, and developing countries, who remain distrustful due to past failures to fulfill climate finance promises.

The new funding target aims to replace the former commitment of $100 billion per year from developed nations to poorer countries, which was due by 2020 but was only met in 2022, and expires in 2025. Sources close to the talks revealed that the EU agreed to accept the $300 billion annual target, with the US, Australia, and the UK reportedly supporting the proposal as well.

However, both the European Commission and the Australian government declined to comment, while the US and UK delegations did not respond to inquiries. With no official updates on the draft agreement, tensions remained high among the negotiating parties.

“There is no clarity on the way forward. There is no clarity on the political will that we need to get out of this,” said Panama’s lead negotiator, Juan Carlos Monterrey Gomez.

ShareTweetSendShare
Previous Post

Australia’s Emma McKeon retires from swimming

Next Post

How to get an electric bike on easy installments starting at Rs. 9,500 per month

Related Stories

File photo
Business & Stock

ADB urges Pakistan to introduce uniform 5% GST on digital transactions

July 15, 2025
The sugar price rise is reported by PBS: File photo
Business & Stock

Pakistan drops sugar import target to 50,000 tons amid IMF subsidy concerns

July 15, 2025
The blue-eyed Danyal Khan shared that his family has been running the clothing business in Skardu for nearly 45 years, although their ancestral roots are not in Skardu. (Image: Instagram/danyalkhan_official1)
Top News

After Chai Wala, now Kapray Wala from Skardu takes the internet by storm

July 15, 2025
File photo
Business & Stock

Banks see strong deposit inflows: SBP

July 15, 2025
Gold medallist Pakistan's Arshad Nadeem celebrates on the podium. Credit: Reuters Photo
Sports

Olympic gold medal, empty promises: Arshad Nadeem left waiting for plot reward

July 15, 2025
PSX
Business & Stock

PSX drops 562 points in volatile session

July 15, 2025
Camel Walks Again After Brutal Leg Amputation (Image: X/@ShaziaAttaMarri)
Top News

Remember that camel whose leg was chopped off? She walks again with prosthetic leg

July 15, 2025
(File Photo)
Crime

Islamia University Bahawalpur lecturer caught sexually exploiting students in exchange for grades

July 15, 2025
gold image
Business & Stock

Gold price drops in Pakistan

July 15, 2025
(Representational Image, Credit: Shutterstock)
Thought Box

UK introduces eVisa system for Pakistani students & workers: Here’s what to know

July 15, 2025
Next Post
electric bike

How to get an electric bike on easy installments starting at Rs. 9,500 per month

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

File photo
Trending

Sidharth Malhotra, Kiara Advani yet to announce name of their baby girl

by MM News Staff
July 16, 2025
File photo
Film & TV

Sidharth Malhotra, Kiara Advani welcome baby girl

by MM News Staff
July 15, 2025
Film & TV

How to watch the new Harry Potter series online?

by MM News Staff
July 15, 2025
Oliver Haarmann and Reese Witherspoon in New York City on Sept. 4, 2024.
Credit : TheImageDirect.com
Trending

Who is Reese Witherspoon’s love Oliver Haarmann?

by MM News Staff
July 15, 2025
File photo
Thought Box

Who was Fauja Singh?

by MM News Staff
July 15, 2025

Opinion

nadeem moulvi
From Sects to Sunnah
July 15, 2025
- Nadeem Moulvi
Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

Rain
Top News

Early morning rain brings pleasant weather to Lahore

by MM News Staff
July 15, 2025

Early morning heavy rainfall in various areas of Lahore made the weather pleasant, but...

Image: Online

Parts of Punjab including Lahore receive heavy monsoon rains

July 14, 2025
File photo

PMD forecasts date for next monsoon spell in Karachi

July 12, 2025
file photo

Flood warning issued as heavy rain expected in parts of Pakistan from July 13-17

July 11, 2025
See all

Prices

Petroleum Price in Pakistan
Business & Stock

How much will petrol and diesel prices increase starting today?

by MM News Staff
July 15, 2025

There is a possibility of an increase in petroleum product prices for the next...

Foreign Currency

Foreign currency exchange rates in Pakistan, 15 July 2025

July 15, 2025
(Representational Image)

Govt to replace net metering with gross metering, slash buyback rate

July 14, 2025
representative image

Latest gold prices in Pakistan today- 14 July 2025

July 14, 2025
See all

Transport News

Korangi Causeway Road (File Photo)
Top News

Korangi Causeway road will be closed upon completion of Malir Expressway: CM Sindh

by MM News Staff
July 14, 2025

Sindh Chief Minister Syed Murad Ali Shah has announced that Korangi Causeway Road will...

Goods transporters join traders, announce nationwide wheel-jam strike on July 19

July 14, 2025
File photo

Pakistan Railways to launch business train between Karachi and Lahore

July 14, 2025
representative image

How to buy a motorcycle under Punjab’s interest-free installment scheme

July 14, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.