Tensions Rise at UN Climate Conference in Baku Over Funding for Developing Nations
The UN Climate Conference in Baku continues with no agreement reached on the financing framework for climate protection. Industrialized nations are showing signs of willingness to increase their funding commitments. Proposals suggest a potential increase to $300 billion annually by 2035, but developing countries remain dissatisfied, calling for at least $500 billion annually by 2030. Over 300 NGOs are urging developing nations to withdraw if substantial commitments are not made.