Cop29: talks go into overtime as countries wrangle over finance deal

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The talks in Azerbaijan have seen nations at odds over how much money developed countries should provide to poorer ones

As we wait for the new text to land it’s worth looking back at the closing summary from yesterday, when the conference should have ended. Yesterday’s closing summary: Mary Robinson, the former president of Ireland and twice a UN climate envoy, said rich country budgets were stretched amid inflation, Covid and conflicts including Russia’s war in Ukraine, and warned that poorer countries might have to compromise.

The UK government pledged £239m to tackle deforestation In an unusual intervention, the UAE stepped in and warned that the world must stand behind a historic resolution made last year to “transition away from fossil fuels” as the Saudis tried to block the language. The draft text was published, but met a pretty hostile reception. It called for $1.3tn by 2035. Civil society called it “an absolute embarrassment” Few countries have spoken up so far, but their reactions have been mixed.

 

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