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UN climate summit in Baku leaves the developing world with crumbs

The article from Business Standard discusses the outcomes of the UN Climate Summit held in Baku, Azerbaijan, highlighting the dissatisfaction among developing nations. The summit, which aimed to address climate finance and support for less developed countries, resulted in what many perceive as insufficient commitments from wealthier nations. Key points include the failure to establish a robust financial mechanism to aid developing countries in transitioning to green energy, the lack of concrete pledges for loss and damage funds, and the continued dominance of fossil fuel interests. Critics argue that the decisions made at the summit leave developing countries with minimal resources to combat climate change effects, essentially providing them with "crumbs" while the global north continues to benefit from historical emissions. The article also notes the ongoing debate over the operationalization of the Loss and Damage Fund, with developing nations feeling sidelined in the decision-making process.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/economy/news/un-climate-summit-in-baku-leaves-the-developing-world-with-crumbs-124120100661_1.html ]