During the ongoing COP29 climate talks in Baku, Azerbaijan, developing countries are demanding $1.3 trillion for damages caused by extreme weather and reject a proposed $250 billion annual compromise. A walkout by negotiators from the least developed nations and Small Island Developing States signifies deep discontent. With critical funding proposals stagnating, there are fears of a repeat of previous failed climate conferences. US climate envoy John Podesta faced backlash amid accusations of a funding scheme favoring developed nations, raising concerns about potential compromises that could harm developing countries’ interests.