At COP29 in Azerbaijan, negotiators stress the need for at least $1 trillion annually to support poorer nations in transitioning to greener energy and combating extreme weather. A recent report warns that without immediate investment, future costs will escalate significantly. The previous goal of $100 billion per year was met late in 2022, primarily through loans. As advancements continue, tensions among countries, including the withdrawal of Argentina’s negotiators, and unresolved debates over funding contributions complicate the proceedings. The meeting’s success hinges on balancing commitments from developed nations while addressing the climate finance gap.