The Latest Breaking News from COP29

The petroleum-laden dust has settled on this year’s United Nations climate summit, COP29, held over the past fortnight in Baku, Azerbaijan. Climate scientists, leaders, lobbyists and delegates are heading for home.

Rich countries resist increasing their contributions to poor countries that are bearing the brunt of global heating

The European Union, United States and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to $300 billion per year by 2035, sources told Reuters on Saturday.

The deal was met with long applause, cheering, whistling and embraces but few are happy with it

Dismay at ‘weak’ interim deal as talks stretch past summit deadline

Vulnerable nations are seeking $1.3 trillion annually to deal with the damage caused by climate change and to adapt.

Wealthy nations on Friday offered $250 billion a year to help poorer nations hit hardest by global warming but faced immediate calls led by Africa to give more as UN climate negotiations extended into overtime.

As the annual UN climate conference, Cop29, draws to a close, negotiators, civil society observers and activists are staying up late, poring over draft texts that will determine how the international community addresses climate change for years to come. Central among their concerns this year: the turbulent world of carbon…

Who pays how much to fund the switch from fossil fuels, what to do about nuclear power, and who hosts Cop31 are key questions