COP29 negotiations falter as small island nations exit talks over climate finance concerns

Negotiations at the COP29 climate summit in Azerbaijan are in turmoil as developing nations, including small island states, walked out over dissatisfaction with a draft deal on climate finance. The latest proposal, which suggests $300 billion annually by 2035, falls short of the $1.3 trillion needed. Developing countries have accused wealthier nations of stalling negotiations and offering inadequate financial support. The walkout reflects frustration over perceived imbalances in the discussions, with some negotiators expressing concerns about being pressured into accepting unfavorable terms. As the summit extends beyond its scheduled end, there are fears that a lack of agreement could lead to a deal that does not meet the needs of vulnerable nations. The situation remains uncertain as delegates continue to seek a resolution.