World agrees to climate deal on financial aid for developing countries after summit nearly implodes
Climate negotiators from the least developed countries and small islands walked out of the talks on Saturday, refusing to engage with the draft.
Climate summit approves divisive $300B deal
The pledged financing from the U.S., the EU and other wealthy governments includes hopes for private money — and a Trump-sized asterisk.
UN Climate Summit's Deal Draft Shows Divide Between Rich and Poor Nations
Any amount agreed upon at COP negotiations is typically seen as a "core" sum, intended to be mobilized or leveraged for larger climate investments. However, much of this financing is expected to come in the form of loans, further burdening nations already grappling with heavy debt.
Climate summit at risk of collapse over money for vulnerable nations
The inability for wealthy and developing nations to reach a consensus in a dispute over funding to support climate action and adaptation was putting the UN's Climate Change Conference, also known as COP29,
Azerbaijan: Draft deal on climate finance triggers criticism, runs COP29 climate summit into overtime
Baku, Azerbaijan - 11, 2024 A draft released late on Friday at the COP29 climate summit in Baku, Azerbaijan, left most climate activists and developing countries disappointed. Climate talks in Baku, which were originally scheduled to end on Friday,
A proposed deal on climate cash at UN summit highlights split between rich and poor nations
A new draft of a deal on cash to curb and adapt to climate change released Friday afternoon at the United Nations climate summit pledged $250 billion by 2035 from wealthy countries to poorer ones. The amount pleases the countries who
A draft deal on climate money for developing world is silent on how much as UN summit nears end
A new draft text released early Thursday which will form the basis of any deal reached at United Nations climate talks on money for developing countries to transition to clean energy and adapt to climate change left out a crucial sticking point: how much wealthy nations will pay.
COP29 clinches $300 billion climate finance deal
By Kate Abnett, Valerie Volcovici and Karin Strohecker BAKU (Reuters) -Countries agreed on Sunday to an annual finance target of $300 billion to help poorer countries deal with the impacts of climate change,
COP29 braces for new deal after poorer nations reject climate offer
Fierce bargaining at UN climate talks in Azerbaijan dragged into Saturday after a $250 billion a year offer from rich nations was flatly refused by developing countries hardest hit by
COP29 closes on promise to generate 'at least' $300 billion in climate funding
Negotiators have agreed to 'at least' $300 billion in climate funding at the UN climate summit after two weeks of tense negotiations that highlighted sharp divides between rich and poorer nations. But is it enough?
Embattled climate summit strikes last ditch deal on funding for vulnerable countries
The COP29 climate talks have reached a last ditch deal on cash for developing countries, pulling the summit back from the brink of collapse after a group of countries stormed out of a negotiating room earlier.
Bathing in Oil at a Climate Summit? It Leaves a Stain.
In Azerbaijan, site of the COP29 climate talks and a petrostate, people aren’t only proud of their oil. They swear by its ...
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German foreign minister attacks host Azerbaijan at UN climate summit
Following the extension of the deadlocked UN Climate Change Conference in Baku, German Foreign Minister Annalena Baerbock on ...
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A climate mess: Azerbaijan COP summit sees rich and poor nations battle over funding
At a climate summit in Baku, Azerbaijan, pre-industrial nations stood firm and demanded more money from the U.S., ...
Climate summit host faces backlash over support for fossil fuels, crackdown on dissent
Autocratic Azerbaijan is drawing criticism as COP29 host for its stance on fossil fuels, with President Ilham Aliyev calling ...
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Climate talks reach endgame on new finance deal
The UN's marathon climate summit neared the finish line early Sunday, with nations due to approve or reject a hotly-disputed ...