Tensions rise at Cop29 climate talks in Baku as developing nations walk out over finance disputes
Tensions are escalating at the Cop29 climate talks in Baku as developing countries walk out over disagreements on climate finance. The main issue is a proposed $300 billion annual payment from wealthy nations to developing countries, which many feel is insufficient. Some countries, including the Alliance of Small Island States, demand a guaranteed 30% of climate finance. Concerns are growing that the talks may fail, especially as some ministers leave to return home, despite ongoing negotiations for a last-minute deal. Wealthy nations have agreed to increase their financial offer, but critics argue it still falls short of the $1.3 trillion needed. Activists and delegates express frustration, stating that the current proposals do not adequately support vulnerable countries facing climate challenges.