Nations criticize vague climate funding draft at UN talks in Baku
At the UN climate talks in Baku, a new draft proposal for funding developing countries was met with widespread criticism. The draft failed to specify how much wealthy nations would contribute, leaving key financial figures as placeholders. Delegates from developing nations expressed frustration, stating the draft was unbalanced and did not advance negotiations. They emphasized the urgent need for concrete financial commitments from richer countries to support climate adaptation and clean energy transitions. While some countries announced plans to cut emissions, the overall response to the draft was negative. Negotiators are still working to address critical issues, including the size of financial contributions and the balance between grants and loans.