UN climate talks in Azerbaijan face setback over funding goal for developing nations

theguardian.com

The UN climate talks in Azerbaijan face a setback as a new draft deal lacks a clear funding goal for developing countries. Instead of a target of at least $1 trillion, the draft only shows an "X," disappointing many nations. Criticism has emerged from both rich and poor countries, with concerns that the draft does not provide a basis for compromise. Developed nations are expected to offer significantly less funding than requested, with proposals around $200 billion to $300 billion. The absence of a commitment to transition away from fossil fuels in the draft has also raised alarms. Many countries are questioning Azerbaijan's ability to mediate effectively, as negotiations enter their final days.


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