COP29: Controversial Climate Talks Conclude with Contentious Funding Deal
TL;DR Summary
At the COP29 climate summit in Baku, developed nations agreed to channel at least $300 billion annually into developing countries by 2035 to combat climate change, a decision that left many developing nations dissatisfied as they had called for $1.3 trillion. The summit also finalized Article 6 on carbon markets, completing the Paris Agreement's framework. However, key issues like transitioning away from fossil fuels were deferred to COP30. The event was overshadowed by Donald Trump's reelection, which could impact future climate negotiations, and accusations of conflict of interest against Azerbaijan, the host nation.
- COP29: Key outcomes agreed at the UN climate talks in Baku Carbon Brief
- The UN climate summit ended in bitterness and accusations of betrayal. Now fears are growing for its future CNN
- Cop29 deal fails to consider inflation so is not tripling of target, economists say The Guardian
- Here’s what to know about the new funding deal that countries agreed to at UN climate talks The Associated Press
- Monday Briefing The New York Times
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