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Cop29 climate finance deal hits fresh setback as deadline looms

Outcry after draft text contains only an ‘X’ instead of setting $1tn funding goal to support developing countries. Cop29 climate summit – live updates Hopes of a breakthrough at the ...

World - The Guardian - 2 days ago

Oil-producing nations under fire at COP29 over fossil fuels omission

EU says draft agreements released at climate summit are ‘clearly unacceptable’

World - Financial Times - 2 days ago

Cop29 live: UN chair ‘so sick’ of Saudi Arabia’s defence of fossil fuels

Former climate minister for Canada reacts after Saudi delegation said it ‘will not accept any text that targets any specific sectors, including fossil fuels’. My colleague Patrick Greenfield is ...

World - The Guardian - 2 days ago

‘It’s really an honour’: people of oil-rich Azerbaijan welcome climate summit

Cop29 is taking place in a country whose economy has long been dependent on its oil reserves. Oil runs deep in Azerbaijan, the host country of this year’s UN climate summit. Just 30 minutes ...

World - The Guardian - Yesterday

Poorer nations deride COP29 offer of $250bn to tackle climate change

Independent expert group says amount falls short of $390bn a year needed by 2035 to deal with effects of global warming

World - Financial Times - Yesterday

At COP29 Politicians Are Talking About Climate Change. Here’s What’s Happening.

Every month so far has seen floods, fires, smashed heat records or some combination of extreme weather. Little time remains for leaders to agree on what to do about it.

World - The New York Times - Yesterday

COP29 overruns as poor countries seethe over climate cash

Developing nations said a new cash offer from rich nations showed "contempt for our vulnerable people".

Developing countries urged to reject ‘bad deal’ as Cop29 climate talks falter

Talk grows of a walkout from poor countries in response to ‘unacceptable’ and ‘insulting’ finance proposal. Developing countries were being urged by civil society groups to reject “a bad deal” at ...

World - The Guardian - Yesterday

They're here to finance climate action. But COP29 is more about bickering.

Nearly 50,000 people from 200 countries were in Azerbaijan for the United Nations Climate Change Conference, with the goal of reaching a climate finance deal.

UN climate summit’s $300bn deal slammed as ‘stage-managed’

Poorer countries concede in fight with rich world and fossil fuel producers over funds to deal with global warming

Business - Financial Times - 10 hours ago

Revealed: Saudi Arabia accused of modifying official Cop29 negotiating text

Exclusive: News of changes to usually non-editable document ‘risks placing climate summit in jeopardy'. A Saudi Arabian delegate has been accused of directly making changes to an official Cop29 ...

World - The Guardian - 12 hours ago

UN climate summit on the brink of collapse as vulnerable nations walk out

Germany accuses Saudi Arabia and Russia of trying to block progress on efforts to cut fossil fuel use

World - Financial Times - 10 hours ago

Kick-start for carbon credit market after loose rules agreed at COP29

Final agreement overcomes a dispute about how much power would be given to a proposed UN registry

Business - Financial Times - 6 hours ago

COP29 Climate Talks Get a Deal on Money, but Only After a Fight

Some countries were outraged over what they saw as deep flaws in the plan, which calls for $300 billion per year in support for developing nations.

World - The New York Times - 4 hours ago

Cop29: Climate finance deal agreed but talks remain deeply divided

The deal was met with long applause, cheering, whistling and embraces but few are happy with it.. Marching in silence with their arms crossed high, activists from around the world protested the ...

World - The Guardian - 3 hours ago

Rich nations raise COP29 climate finance offer in bid to break deadlock

Developed nations should pay $300 billion a year by 2035 to help poorer countries deal with climate change, according to a new draft deal from U.N. climate talks published early on Sunday, after an ...

Nations at COP29 climate talks agree on $300 billion a year for poor countries

The $300 billion will go to developing countries who need the cash to wean themselves off coal, oil and gas.

Cop29 agrees $1.3tn climate finance deal but campaigners brand it a ‘betrayal’

Deep divisions remain after high-stakes talks end with agreement to help developing world shift to low-carbon economy. Rich and poor countries concluded a trillion-dollar deal on the climate crisis ...