EU prepares for confrontation with China at COP29 over climate aid

As the world prepares for COP29, the European Union (EU) is set to confront China over climate aid. The EU's draft position shows the bloc is pushing for wealthy developing economies, including China, to contribute to the global climate fund. The move marks a major shift in climate diplomacy and could change the responsibilities between countries in the fight against climate change. Rates and financial implications The EU's proposal is based on the belief that countries with fast-growing economies should take more responsibility for solving the problem of climate change. Wealthy countries have traditionally borne the brunt of climate finance, but the EU says emerging economies like China, which is experiencing strong economic growth, must now also contribute. The financial implications are significant. The EU is pushing for contributions in the billions of dollars, a figure that reflects the urgency and scale of the climate crisis. This change aims to ensure that the climate fu...