Countries fail to reach climate finance deal at COP29 after extended negotiations

At COP29, negotiations have extended nearly 24 hours past the deadline, with no agreement reached. Developing countries, especially small island and least-developed nations, rejected a draft finance agreement that proposed a $250 billion target by 2035, citing insufficient public funding commitments. The talks, held at the Baku Olympic Stadium, faced significant challenges as negotiators struggled to find a compromise. A revised proposal increased the target to $300 billion, aligning with demands from Brazil's environment minister, but concerns from developing nations remain unresolved. As discussions continue, developing countries have called for a suspension of the meeting until their issues are addressed. The lack of consensus highlights ongoing tensions over climate finance commitments.