Strong statement or intellectual dishonesty in COP27?

A historical decision was made in COP27 meeting in Egypt. According to that, wealthy countries will pay for developing ones from damages attributable to the climatic change, which is considered to happen due to the wealthy nations.

The decision was made, and I can only accept it. I would, however, like to hear if developing countries are willing to give up those modern things, which were created along the development that led to the compensations decided. That is: vehicles, flights, internet, phones, electricity etc... 

I think that would be a great sign of their willingness to refuse from such a negative developments, that their innovators are expected to pay for their existence. In others words, staying in each nation´s own innovations would make a strong statement on their willingness to stick in a sustainable way of life. 

If no one shows any willingness to give up those harmful innovations, I am afraid that the decision of compensation made in the COP27 meeting looks like intellectual dishonesty and only a new way to transfer money from north to south. Which may or may not be well justified due to some other reasons. 

Previous thoughts on the same topic:
China is betting on scientific excellence
They want to wipe out from Finland what is good for Africa
World Resources Institute had an arrogant demand