💨 Abstract

The European Union has called on "wealthier high-emitting" developing nations, such as China and Gulf states, to voluntarily contribute to climate finance at the UN climate talks in Baku, Azerbaijan. This shift aims to secure a new funding package to help developing countries combat climate change, which they need at least $1.3 trillion annually for. However, many developing countries view this proposal as an attempt to shift responsibility away from historically industrialized nations.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖