Global South's joint climate efforts urged

Experts call for cooperation, saying green finance benefits all in long term

Developing countries need to form a Global South alliance that will strengthen climate commitments and pressure industrialized nations to fulfill their "historical responsibility" to finance mitigation and adaptation efforts, according to participants in this year's climate negotiations.

The agreement reached at the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, or COP29 — which concluded in Baku, Azerbaijan, on Sunday — has disappointed the developing countries that claimed the $300 billion per year climate finance pledged by the developed countries is woefully inadequate.

The developing nations had proposed $1.3 trillion in annual assistance from the developed countries.