NEW DELHI: The German Ambassador to India Dr Philipp Ackermann on Wednesday said that the recently concluded COP 29 has been reduced to the question of financing, while Germany would have liked to see more engagement amongst nations. “It would have been good to see more engagement. The recently concluded COP29 has been reduced to the financing question. It would be pertinent now to think how you take it from there to the next level and that means in the next 12 months,” Dr Ackermann told TNIE.There needs to be more interaction, and dialogue amongst nations, he noted. Eyebrows have been raised from the developing countries on the $300 billion climate finance (for which emerging economies have to make contributions). India has called it a paltry sum and a member of the Indian delegation called it an “optical illusion.”“There has been disappointment, as fossil fuel-producing countries showed a lot of resistance. We wish that countries that produce fossil fuels would be more forthcoming and more creative in their thinking,” Ambassador Ackermann said. Interestingly, Saudi Arabia has been seen investing a lot in renewals, however, on the international scene they are very conservative on commitment to fossil fuels.
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