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The Independent UK
The Independent UK
World
Seth Borenstein and Sibi Arasu

As talks in Baku cross the halfway point, nations are no closer to a goal on cash for climate action

COP29 Climate Summit - (Copyright 2024 The Associated Press. All rights reserved.)

Distractions were bigger than deals in the first week of United Nations climate talks, leaving a lot to be done, especially on the main issue of money.

In week one, not a lot of progress was made on the issue of how much money rich countries should pay to developed ones to move away from dirty fuels and how to cope with rising seas and temperatures and pay for damage already caused by climate-driven extreme weather. But more is expected when government ministers fly in for week two to handle the hard political deal-making at the negotiations — known as COP29 — in Baku, Azerbaijan.

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