Negotiations at COP29 are in turmoil as the draft text for climate finance lacks a crucial $1 trillion funding target to aid developing nations. This absence has ignited significant concern among delegates and policymakers. With the deadline rapidly approaching, the urgency of solidifying a comprehensive funding agreement has never been greater.
This pivotal deal aims to support developing countries as they combat the effects of climate change. Yet, the current version of the draft has drawn criticism for falling short of expectations. Negotiators now face an uphill battle to establish a clear and actionable funding path that addresses the needs of these vulnerable nations.