Maldives criticises COP29 climate finance as insufficient, calls for increased aid

Minister of Climate Change, Environment and Energy, Thoriq Ibrahim, criticized the USD 300 billion climate finance agreed at COP29 as insufficient. He stated the Maldives accepted the decision in the spirit of multilateral cooperation. The government aims to transition 33% of energy consumption to renewable energy, requiring significant financial support. Minister Thoriq highlighted challenges like heavy rainfall, coastal erosion, and water salinity. He argued that USD 1.3 trillion annually is needed by 2035, and funding should be grants, not loans. He criticized major countries for allocating resources to warfare instead of climate action.

Minister of Climate Change, Environment and Energy, Thoriq Ibrahim, criticized the USD 300 billion climate finance agreed at COP29 as insufficient. He stated the Maldives accepted the decision in the spirit of multilateral cooperation. The government aims to transition 33% of energy consumption to renewable energy, requiring significant financial support. Minister Thoriq highlighted challenges like heavy rainfall, coastal erosion, and water salinity. He argued that USD 1.3 trillion annually is needed by 2035, and funding should be grants, not loans. He criticized major countries for allocating resources to warfare instead of climate action.

Minister of Climate Change, Environment and Energy, Thoriq Ibrahim, criticized the USD 300 billion climate finance agreed at COP29 as insufficient. He stated the Maldives accepted the decision in the spirit of multilateral cooperation. The government aims to transition 33% of energy consumption to renewable energy, requiring significant financial support. Minister Thoriq highlighted challenges like heavy rainfall, coastal erosion, and water salinity. He argued that USD 1.3 trillion annually is needed by 2035, and funding should be grants, not loans. He criticized major countries for allocating resources to warfare instead of climate action.

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