COP29: New negotiating texts set up battle over climate finance deal

clock • 9 min read
Credit: COP29
Image:

Credit: COP29

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

Diplomats at the COP29 Climate Summit in Baku are this afternoon poring over fresh negotiating texts, which set out plans for a new $1.3tr a year climate finance package and a reinvigorated global push...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Climate change

The 89 Percent Project launches mission to give voice to 'silent climate majority'
Climate change

The 89 Percent Project launches mission to give voice to 'silent climate majority'

Dozens of global newsrooms launch campaign to highlight how nine-in-10 people want stronger action to tackle climate change - but mistakenly believe they are in a minority

Stuart Stone
Stuart Stone
clock 22 April 2025 • 5 min read
'An unflinching global champion of climate action': Environmental leaders hail Pope Francis' green legacy
Climate change

'An unflinching global champion of climate action': Environmental leaders hail Pope Francis' green legacy

Climate diplomats recall how late Pope helped build support for bolder climate action and is even rumoured to have played a critical role in delivering the Paris Agreement

James Murray
James Murray
clock 22 April 2025 • 5 min read
Three ways Pope Francis influenced the global climate movement
Climate change

Three ways Pope Francis influenced the global climate movement

The late Pope was one of the world's most powerful advocates for global environmental action and a player in international climate talks

Celia Deane-Drummond, University of Oxford - The Conversation
clock 22 April 2025 • 5 min read