71 minutes ago Finance deal remains elusive at Cop29 as UN climate talks stretch into overtime

Negotiations at Cop29 in Baku, Azerbaijan were scheduled to finish on Friday evening but a final deal on climate finance remains elusive.

Economics

77 minutes ago Cop29 live: rich nations to raise climate finance offer to $300bn as Thunberg warns summit ‘about to agree to death sentence’

The talks in Azerbaijan have seen nations at odds over how much money developed countries should provide to poorer onesMarching in silence with their arms crossed high, activists from around the world protested the draft deal at the Cop29 venue last night.“Pay up or shut up!” the campaign group Demand Climate Justice said in a post on social media. Continue reading...

Events

2 hours ago Cop29 live: talks into overtime as Greta Thunberg says people in power ‘about to agree to death sentence’

The talks in Azerbaijan have seen nations at odds over how much money developed countries should provide to poorer onesNegotiators have told our reporters on-the-ground that rich countries have agreed to up their offer on the crucial issue of climate finance. Read the full story from Adam Morton, Fiona Harvey and the rest of the team here.Major rich countries at UN climate talks in Azerbaijan have agreed to lift a global financial offer to help developing nations tackle the climate crisis to $300bn a year, as ministers met through the night in a bid to salvage a deal. Continue reading...

Events

16 hours ago Developing countries urged to reject ‘bad deal’ as Cop29 climate talks falter

Talk grows of a walkout from poor countries in response to ‘unacceptable’ and ‘insulting’ finance proposalDeveloping countries were being urged by civil society groups to reject “a bad deal” at the UN climate talks on Friday night, after rich nations refused to increase an “insulting” offer of finance to help them tackle the climate crisis.The stage is set for a bitter row on Saturday over how much money poor countries should receive from the governments of the rich world, which have offered $250bn a year by 2035 to help the poor shift to a low-carbon economy and adapt to the impacts of extreme weather. Continue reading...

Politics

21 hours ago Cop29: $250bn climate finance offer from rich world an insult, critics say

Draft text under fire as poor nations wanted more of the money to come directly from developed countriesCop29 climate summit – live updatesDeveloping countries have reacted angrily to an offer of $250bn in finance from the rich world – considerably less than they are demanding – to help them tackle the climate crisis.The offer was contained in the draft text of an agreement published on Friday afternoon at the Cop29 climate summit in Azerbaijan, where talks are likely to carry on past a 6pm deadline. Continue reading...

Economics

30 hours ago Scot at COP29 says 'hours left to save planet' and prevent catastrophic climate talks 'flop'

EXCLUSIVE: Ben Wilson, from aid charity SCIAF, spoke to the Record from Baku amid fears talks for a vital climate deal could collapse.

Politics