Policy Voices | From pledges to promises: can developed nations trust they’ll ever see the money from COP?

It wouldn’t have been COP if the negotiations had been completed by last Friday – the last scheduled day of the conference. It was a long and drawn out process that only ended when many negotiators were already with their suitcases packed and ready to fly out of Azerbaijan.

The petrostate was the stage for the 29th United Nations Climate Change Conference and expectations were high for a finance deal. The final agreement came in the form of 1.3 trillion dollars a year until 2035 in funds to developing nations but only 300 billion of that will come in the form they mostly called for – grants and low-interest loans from the developed world.

For this week’s episode of Policy Voices, host Catarina Vila Nova spoke with Olumide Idowu, Executive Director of the International Climate Change Development Initiative Africa, just a few days after he left Baku where he spent two weeks attending COP29. Idowu is a climate activist from Nigeria and known on social media as Mr. Climate.

If you want to comment on this episode you can send us an e-mail: press@friendsofeurope.org

Listen and subscribe to Friends of Europe’s podcasts: