At COP29 in Baku, countries are struggling to secure up to $1 trillion in annual climate finance for vulnerable nations, amid rising geopolitical tensions. Argentina's withdrawal from the talks has raised concerns about its credibility in future climate negotiations, while developed nations remain hesitant to commit significant funds. The urgency for a new finance target is underscored by the expiration of the previous $100 billion goal, with calls for increased contributions from multilateral development banks and the private sector.
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