Countries negotiate extended climate finance targets at COP29 summit

Delegates at COP29 are in extended negotiations to finalize a new target for annual climate finance. The discussions are ongoing as countries aim for a satisfactory outcome before concluding the summit. Azerbaijan's COP29 President Mukhtar Babayev emphasized the need for collaboration to bridge gaps in negotiations. He noted the global attention on the summit and the urgency of reaching an agreement. Brazil's Environment Minister Marina Silva highlighted the necessity for a minimally acceptable result, reflecting the urgency of the climate crisis. She called for a realignment of priorities to address the challenges facing humanity.