As the clock winds down at the UN climate summit taking place in Baku, Azerbaijan, green groups are sounding the alarm Thursday following the release of a draft climate finance deal that they say falls short of what's needed to support climate-vulnerable countries and adequately address the planetary crisis.'The clock is ticking. COP29 is now down to the wire,' said UN Secretary-General António Guterres on Thursday, just a day before the two-week conference is set to conclude.
Economists told the summit attendees last week that developing countries need at least $1 trillion annually by 2030 to deal with climate change.A specific and shared concern from campaigners was the draft text's inclusion of carbon market schemes as a way 'to scale up' climate finance.
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