At the Baku climate meeting in Azerbaijan, the chairman has published a new presentation as the closing text of the meeting. In the new proposal agreed by the meeting, the amount of the controversial climate financing would be 250 billion dollars per year.
The amount is one and a half times compared to the amount of money that Western countries have so far paid for climate action in poor countries.
At the beginning of the meeting, China and other developing countries demanded up to 1.3 thousand billion dollars annually from Western countries and the EU.
The EU, on the other hand, has demanded that China and other prosperous developing economies move from the side of the recipients of the money to the camp of the payers.
The chairman of the meeting now proposes that the Western countries would still be primarily responsible for the funding, but that the developing countries could also participate in providing it if they wished.