UK urges strong action on fossil fuel phase-out as tensions rise at Cop29

Tensions at Cop29 in Baku increased as the UK urged countries to adhere to a global agreement to phase out fossil fuels. The latest proposals faced criticism from both developed and developing nations, highlighting a significant divide over climate finance options. The UK and EU expressed dissatisfaction with the proposals, emphasizing the need to enhance commitments made at Cop28. They called for comprehensive climate action plans that align with the goal of limiting global warming to 1.5 degrees Celsius. A major split emerged between industrialized and developing nations regarding financial support, with developing countries seeking at least one trillion dollars annually from 2025. The differing finance proposals complicate negotiations, with concerns that progress on fossil fuel phase-out may stall.