The Latest Breaking News from Azerbaijan

While an agreement on climate finance was eventually reached, many poorer countries were outraged

After a fortnight of bitter struggle, nearly 200 countries agreed a new goal to raise money to tackle the climate crisis at Cop29, the 29th annual UN climate conference in Baku, Azerbaijan.

Billed as the “finance Cop”, the 29th UN climate change summit (otherwise known as Cop29) in Baku, Azerbaijan, was expected to provide the money to enable the transition away from fossil fuels announced at last year’s Cop28.

UK energy secretary played key role in deal of $300bn for developing countries, branded a ‘betrayal’ by critics

Last week, Azerbaijan hosted the United Nations Convention on Climate Change, also known as COP29. Its main objectives were to agree on a financial framework for climate change mitigation and adaptation, and to present national plans for meeting the terms of the Paris Agreement. This includes limiting global heating to…

In today’s newsletter: The view from Azerbaijan is of disappointingly low direct finance guarantees to the developing world, although it is ‘less bad than nothing’

Australia and Pacific island nations had hoped to leave this year’s global climate talks in Azerbaijan having won a bid to host the 2026 summit.

Countries at the Cop29 summit in Baku adopted a $300 billion a year global finance target on Sunday to help poorer nations cope with impacts of climate change, a deal its intended recipients criticised as woefully insufficient.

The petroleum-laden dust has settled on this year’s United Nations climate summit, COP29, held over the past fortnight in Baku, Azerbaijan. Climate scientists, leaders, lobbyists and delegates are heading for home.

After three sleepless nights of back and forth among negotiators, all it took to seal a contentious global deal on climate finance was the hammering of a gavel.

Deep divisions remain after high-stakes talks end with agreement to help developing world shift to low-carbon economy