Negotiators extend UN climate talks in Baku to secure 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 offensive. Activists expressed disappointment with the negotiations, feeling that the proposed funding fails to meet the needs of those most affected by climate change. Some activists staged a silent protest, highlighting their frustration with the ongoing lack of substantial support.