Climate talks reach endgame on new finance deal

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The UN's marathon climate summit neared the finish line early Sunday, with nations due to approve or reject a hotly-disputed deal for wealthy historic

Leaders and delegates in a group photo at the 2024 United Nations Climate Conference in Baku, Azerbaijan.

Top German negotiator Jennifer Morgan told AFP that countries would be presented a “take it or leave it” deal. The walkout triggered an emergency meeting between those nations and top negotiators from the European Union, United States and Britain with the COP29 presidency in which new proposals were made.

That offer was slammed as offensively low by developing countries, which have demanded at least $500 billion to build resilience against climate change and cut emissions. As staff at the cavernous and windowless stadium began packing up, diplomats rushed between meetings, some armed with food and water in anticipation of another late night.

 

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