COP29 negotiations focus on climate finance and China's role ahead of November 22 deadline

The COP29 climate talks in Azerbaijan are nearing their conclusion, with a deadline set for November 22. Key issues include defining climate finance targets and whether China should be classified as a wealthy nation contributing to these funds. Negotiators aim to establish a new climate finance goal of $1 trillion annually by 2030, replacing the previous $100 billion target. Discussions focus on what constitutes climate finance and the balance between grants and loans. Debates continue over fossil fuel commitments and carbon market regulations. Past COPs have often extended beyond their deadlines, and final negotiations are expected to be intense as delegates seek consensus on the agreement.