COP29 Negotiators Enter Final Stages Amid Deadlock Over Climate Finance

Negotiators at the COP29 climate summit in Baku are entering the final scheduled days of talks with significant divisions remaining over a new global finance goal. Developing nations are calling for at least $1.3 trillion annually to address climate change impacts and transition to green energy. Conversely, wealthier nations have yet to commit to a specific figure, arguing that the contributor base must be expanded to include high-emitting emerging economies. While some observers express concern over the slow pace of deliberations, summit leadership maintains that a consensus remains achievable. The final agreement is expected to define the trajectory of international climate policy for the next decade.