German Foreign Minister Annalena Baerbock delivered a powerful statement at the conclusion of the 29th World Climate Conference (COP29), urging nations to prioritize support for the most vulnerable countries battling the climate crisis.
In her address, Baerbock stressed the importance of effective multilateralism in the face of climate challenges, aligning with the European Union’s stance.
“We are living in times where multilateralism seems impossible,” she said.
“But a failure would have meant the end for some countries in this room—the loss of home, the loss of communities. This was not acceptable to us.”
Baerbock announced a major step forward in climate finance, committing Germany and the European Union to a $300 billion initiative aimed at aiding countries most impacted by climate change. She emphasized the need for practical solutions over symbolic gestures. “We had to open a new chapter on climate finance,” she said. “An approach that does not overpromise large funds, but actually delivers for those most vulnerable.”
The commitment comes with the backing of key groups like the Alliance of Small Island States (AOSIS) and Least Developed Countries (LDCs). Baerbock acknowledged past failures in climate finance, emphasizing that this time it’s about trust. “We cannot sign a check that will bounce,” she stated.
One of the most notable aspects of Baerbock’s speech was her call to broaden the base of donor countries, including some of the world’s wealthiest fossil fuel producers. “For the EU, it is crystal clear: Nobody forgot about historical responsibility,” she declared, highlighting the need to involve countries that have significantly grown in both wealth and emissions over recent decades.
The move sparked debate, with some critics arguing that expanding the donor pool could disadvantage the poorest nations. Baerbock, however, countered, asserting that this broader base is essential to meet future climate challenges.
Baerbock underlined the inseparability of climate finance and mitigation efforts, warning that financial aid alone is insufficient.
“Without concrete measures to keep the 1.5 degrees path within reach, no money in the world will save us,” she said, reaffirming the EU’s dedication to phasing out fossil fuels and accelerating the green transition.
She emphasized that climate justice must ensure fair distribution of the benefits from the green transformation, particularly for the least developed countries.
Reflecting on the negotiations, Baerbock acknowledged the difficulties faced during the conference, particularly the resistance from certain nations. She remained optimistic, however, celebrating the victories for those who, in her words, “believe in a better world.”
“Those who have come here to prevent progress and to weaken our multilateral UN system altogether have failed—badly,” Baerbock declared.
“And those who believe in a better world have won.”
The conference’s conclusion, while seen as a step forward, was also a reminder that the journey is far from over. Baerbock’s parting words echoed a sentiment of perseverance: “Our agreement here tonight is not enough, due to resistance from a few. But we will continue to work for more on our road to Belem.”
