Negotiations Face Challenges
The Cop29 climate finance deal confronts a new obstacle as negotiators approach a critical deadline. The latest draft text has sparked significant concern and outcry because it features only an ‘X’ in place of a concrete funding target. This funding goal is instrumental for supporting developing countries in their climate initiatives.
Participants expected a bold commitment of $1 trillion in funding to aid developing nations as they tackle climate change. However, the current situation raises serious doubts about the outcome of the negotiations. It remains unclear how this will affect the overall efforts to address climate financing at Cop29.