Ministers involved in leading UN COP29 negotiations from countries including Germany to Australia and South Africa landed to a deadlock over a new global finance deal in the final week of the climate summit.
President Aliyev has described oil and gas as a “gift from god”, and the industry is heavily represented at COP29 by executives and lobbyists with guests including more than half a dozen bosses of large oil and gas producers. A group of business associations and climate leaders issued an open letter to G20 heads of state, meeting in Rio de Janeiro over the next two days, saying that “international businesses are concerned about the lack of progress and focus in Baku”.
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