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The Guardian - UK
The Guardian - UK
Environment
Fiona Harvey in Baku

Cop29 climate finance deal likely to be followed by equally bitter battles

Climate activists holding up placards with slogans including 'Global North pay up!', 'Trillions not Billions' and 'Global South hold the line'.
Climate activists protesting at Cop29 in Baku. The finance deal reached was widely derided as too low. Photograph: Cop29 Azerbaijan/Handouts/EPA

It was only on the last scheduled day of two weeks of negotiations at the UN Cop29 climate summit that developed countries put a financial commitment on the table for the first time.

In reality, this offer took not just two weeks of talks to prepare, but nine years – since article 9 of the Paris agreement in 2015 made it clear that the rich industrialised world would be obliged to supply cash to developing countries to help them tackle the climate crisis.

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