COP29 climate talks in Azerbaijan move into final phase as negotiators seek agreements

The COP29 climate talks in Azerbaijan are nearing their conclusion, with officials focused on finalizing agreements on climate finance, fossil fuels, and carbon markets. A key objective is to establish a new funding target for developing nations. Negotiators are working to refine draft texts and reach consensus on the structure of climate finance, aiming for a new target of $1 trillion annually by 2030. Discussions include whether countries like China should be considered major donors. Debates continue over fossil fuel commitments and carbon market regulations. The summit, originally set to end Friday, may extend as delegates seek agreement on these critical issues.