Climate finance talks face 'hardest' stage as COP29 nears end-game
By Kate Abnett, Nailia Bagirova and Karin Strohecker BAKU (Reuters) -Countries at the COP29 climate summit were warned on Wednesday that the "hardest part" was about to start in talks over how much money should be provided to developing countries to help them cope with climate change.
COP29 struggles to crack climate finance puzzle
As time runs out on COP29, negotiators are stalled on the same questions that brought them to Baku: How much money to raise for climate action in developing countries, and how to raise it.
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The UN climate summit’s final official day is Friday and, even assuming the event follows tradition by running over well into the weekend, there is not much time left for nations to reach a deal on the critical global climate finance target.
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Marathon COP29 climate talks enter their final stretch on Wednesday when the Azerbaijani hosts are due to publish an update on negotiations so far as the summit seeks to agree a new goal on issues including climate finance.
COP29 Summit Enters Final Stretch With Nations Far Apart on Finance
Developing countries say they need more than $1 trillion a year in climate finance. Rich nations argue the vast majority of this will need to come from the private sector.
Slow progress on climate finance fuels anger as COP29 winds down
Mukhtar Babayev, Azerbaijan’s COP29 president, called on delegates to show more urgency. “People have told me that they are concerned about the state of the negotiations,” Babayev told delegates Monday.
COP29: Climate finance talks face 'hardest' stage as summit nears end-game
With a notional Friday deadline looming, frustration over the lack of progress so far was starting to seep out of the negotiating rooms.
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It was opportune, then, that last week saw the United Nations Climate Change Conference (COP29) in Azerbaijan.
COP29: A Crossroads For Climate Action
The climate crisis is all around us. Against this backdrop, COP29 is a critical moment. The tools to tackle the crisis exist.