Nations criticize vague climate funding draft at UN talks in Baku

At the UN climate talks in Baku, a new draft deal aimed at funding for developing countries was widely criticized for its vagueness. Key details, including specific financial commitments from wealthy nations, were missing, leaving a placeholder for amounts. Delegates from poorer nations expressed frustration, stating the draft was unbalanced and did not address their needs. They emphasized the urgency for developed countries to present concrete financial figures to support climate action. The COP29 presidency acknowledged the draft is not final and welcomed further proposals. However, significant disagreements remain on financial contributions, the balance between grants and loans, and commitments to reduce fossil fuel use.