{
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climate finance negotiations falter at cop29 amid geopolitical tensions and absences

COP29 in Baku, Azerbaijan, faced significant challenges as negotiations over climate finance extended beyond the scheduled end, with developing nations seeking $1 trillion annually by 2030. A draft deal proposed $250 billion from wealthy countries, far below the requested amount, amid notable absences of key world leaders. The conference highlighted frustrations over the lack of commitment from major polluters and the urgent need for a new approach to climate action, especially for vulnerable nations like those in the Pacific.
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Finance & Economy, News Article
04:45 25.11.2024
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