Negotiators face deadline at UN climate talks in Azerbaijan to secure funding for vulnerable nations

Negotiators at the UN climate talks in Baku, Azerbaijan, are under pressure to reach an agreement by the end of the week. They are focused on securing $1.3 trillion for vulnerable nations to adapt to climate change, a significant increase from current offers. Developed countries have been hesitant to commit to funding, with the European Union expected to propose $200 to $300 billion annually. This amount falls short of the needs expressed by developing nations, which are seeking more grants rather than loans. Key issues include the total funding amount, the balance between grants and loans, and the responsibilities of donor nations. Negotiators aim to resolve these points to facilitate a broader agreement on climate finance.