Negotiators face tight deadline at UN climate talks in Azerbaijan

Negotiators at the UN climate talks in Baku are under pressure to reach an agreement by the end of the week. Vulnerable nations are seeking $1.3 trillion for climate adaptation, but wealthier countries have not committed sufficient funds. The European Union is expected to propose $200 billion to $300 billion annually, which many view as inadequate. Discussions are focused on the size of financial commitments, the balance between grants and loans, and which countries will contribute. Developing nations emphasize the need for grants rather than loans, citing existing debt burdens. The outcome of these negotiations is critical for addressing the financial needs of countries most affected by climate change.