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 $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 offensive. Activists expressed disappointment with the draft agreement, holding silent protests outside the negotiation halls. They emphasize the need for more ambitious commitments to support those most affected by climate change.