COP29 Talks Overrun as Developing Nations Demand More Climate Funding
The COP29 climate talks in Baku have extended beyond their scheduled closing time as tensions rise between wealthier nations and developing countries regarding financial support for climate initiatives. While wealthier nations proposed to increase funding to $250 billion by 2035, poorer nations criticized this amount as insufficient, highlighting their need for $1.3 trillion to address climate impacts. The meeting underscored long-standing frustrations over climate finance, with delegates expressing disappointment at the lack of concrete commitments from richer nations.