Climate Summit in Baku Aims to Secure Billions for Developing Nations
The climate summit in Baku, Azerbaijan is set to focus on securing substantial financial commitments from wealthy nations to support developing countries facing climate change impacts. With experts suggesting a target of up to $1 trillion, the discussions will revolve around defining a new funding goal beyond the previously promised $100 billion. A key issue is distinguishing which countries qualify as ‘rich’ or ‘poor’, complicating the allocation of funds. As global concerns about climate disaster rise, officials are under pressure to reach an agreement that may shape future climate strategies.