Negotiators face deadline for climate funding deal at UN talks in Azerbaijan

castanet.net

Negotiators at the UN climate talks in Azerbaijan are struggling to agree on funding to combat climate change. Developing nations are seeking $1.3 trillion for climate damage and clean energy, but offers from developed countries fall significantly short. After ten days of discussions, Azerbaijan's presidency plans to release a draft proposal, though many decisions remain unresolved. Key issues include the total amount, the balance of grants versus loans, and the contributors. While some progress is noted on other climate issues, frustration persists over the funding debate. UN Secretary-General Antonio Guterres emphasized that success depends on the commitment of wealthy nations to meet the financial needs of developing countries.


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