8 October 2024
Deal on climate aid hangs in balance at UN COP29 summit
The upcoming COP29 climate summit in Baku, Azerbaijan this November faces critical challenges over climate aid negotiations. Nations remain deadlocked over who should pay and how much, with developing countries seeking $1 trillion annually – ten times current amounts. The summit, expecting 50,000 attendees, comes amid political uncertainty including the US election. Rich nations haven’t committed to specific funding amounts, while developing countries insist historical polluters must maintain their payment responsibilities.READ FULL