EU Agrees COP29 Climate Stance, Leaving Money Question Unanswered
- Bloc wants to expand donor base of countries to include China
- France and Germany are battling tight budgetary situations
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The European Union unveiled its negotiating stance for the COP29 climate talks next month, while leaving unanswered the key question of how it will boost funding for poorer countries in their fight against global warming.
The United Nations’ summit in Baku, Azerbaijan, has one clear aim: turning billions of dollars in climate finance into trillions, while helping countries embark on the climate transition and deal with increasingly extreme weather. Yet many EU countries, grappling with increasingly severe budget deficits, are trying to pressure other countries like China to share the burden.