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.
Negotiations were focused on increasing the US$100 billion (£79.4 billion) promised per year by developed countries to help the least developed countries build up their renewable energy capacity. Many demanded a ten-fold increase, as at least US$1 trillion is needed per year. Discussions also centred on who should finance the loss and damage fund agreed at Cop27, that would compensate developing countries for the impacts of climate change.
The conference was a mixed bag – here are our five takeaways:
