Climate funding divisions laid bare as COP29 deadline looms
Story by Simon Jessop, Gloria Dickie and Kate Abnett • 3h
By Simon Jessop, Gloria Dickie and Kate Abnett
BAKU (Reuters) - Division and discontent spilled into the open on Thursday at a U.N. climate summit in Baku, as a proposal for a new global finance deal offered two vastly different options that left no one happy as the closing deadline neared.
The key goal of COP29 is to agree how much money richer developed countries should provide poorer developing ones to help them fight climate change, a critical plank in efforts to limit the damage caused by rising global temperatures.
But getting a deal on the money has proved slow going at the talks in Azerbaijan's capital, and the latest draft of the negotiating text arrived several hours behind schedule as delegates entered, in theory, the closing 48 hours.
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