Climate change

Baku Summit delivers breakthrough agreement on rules governing carbon markets, as reports suggest deal on climate finance could be imminent

Group of developing nations walk out of talks on climate finance text, arguing their concerns with the proposed deal have been ignored

UPDATED: But lack of fresh negotiating text means it remains unclear if strings will be attached to floated offer of $300bn a year in climate finance

Plus all the top green business news from around this week, from Mexico's 2050 net zero target to lab grown meat in Hong Kong

New draft negotiating texts point way to a compromise deal, but proposals for $250bn in finance from industrialised nations fall far short of developing economy asks

Over 250 major businesses have signed letter calling for COP29 to build on last year's pledge to accelerate global decarbonisation efforts

Fresh funding awards to forest-rich nations form part of UK's £11.6bn funding package, as weary negotiators in Baku seek to break deadlock

Governments will have to recognise eventually that flows of climate finance have to increase and the transition away from fossil fuels is inevitable - it is in their interests to do it now, rather than later

UN Secretary-General urges exhausted diplomats to find common ground, warning failure to reach deal would jeopardise climate action

Frustration builds at Baku Summit, as insiders warn long-awaited draft texts have failed to provide a plausible landing ground for an ambitious deal