Negotiators extend talks in Baku to secure climate funding for developing nations
Negotiators at the UN climate talks in Baku, Azerbaijan, are working late to finalize a financial deal for developing nations. A draft agreement proposes $250 billion annually by 2035, which is more than double the previous goal but still far below the estimated $1 trillion needed. Developing countries are seeking $1.3 trillion to address climate impacts and transition to clean energy. Wealthy nations argue that the proposed amount reflects their economic constraints, but many vulnerable nations view it as inadequate and a failure to meet obligations established in the 2015 Paris Agreement. Activists expressed disappointment with the negotiations, holding silent protests and voicing concerns about the low financial commitment. Some youth activists described the situation as an "abject failure," while others emphasized the importance of community support during this challenging process.