Azerbaijan calls for collaboration as COP29 negotiations approach conclusion

Azerbaijan, host of COP29, urged countries to collaborate on a finance deal as negotiations near their end. The goal is for wealthy nations to commit hundreds of billions to help poorer countries address climate change impacts. Developing nations need at least $1 trillion annually by 2030, but wealthy countries have been hesitant. A new draft deal is expected to be released, aiming to resolve divisions over funding methods and amounts. Past COP meetings have often exceeded their deadlines. U.N. Secretary-General Antonio Guterres emphasized the need for a successful agreement, stating that failure is not an option.