Developing nations reject climate finance draft at COP29 as negotiations stall

Negotiators at COP29 in Baku are struggling to reach a climate finance deal, with developing nations rejecting a draft proposal. They demand $1.3 trillion for climate adaptation and clean energy, while the latest offer was only $300 billion. Frustration is rising among developing countries, particularly African nations and small island states, who feel sidelined. Some negotiators walked out, expressing dissatisfaction with the current discussions and accusing wealthier nations of stalling. The previous goal of $100 billion annually has been increased to $250 billion by 2035, but experts say over $1 trillion is needed. Developing nations are pushing for a more substantial agreement before their representatives leave for home.