Climate Politics
COP29 Climate Talks on the Brink as Finance Deal Remains Elusive
- UN summit aims to agree finance deal for poorer nations
- Talks on edge despite new funding offer from Europe, US
John Podesta, US climate envoy, at the COP29 climate conference in Baku, Azerbaijan, on Nov. 11, 2024.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
The United Nations climate talks in Azerbaijan were teetering on the brink of collapse as delegations prepared to fly home and countries remained at loggerheads over issues ranging from finance to emissions.
Negotiators from rich and poorer nations were cooped up in a room in the COP29 venue Baku Olympic Stadium for two hours on Saturday afternoon, going through a draft deal line by line in a process that only underscored their deep divisions.