4 hours ago Cop29 agrees $1.3tn climate finance deal but campaigners brand it a ‘betrayal’

Deep divisions remain after high-stakes talks end with agreement to help developing world shift to low-carbon economyRich and poor countries concluded a trillion-dollar deal on the climate crisis in the early hours of Sunday morning, after marathon talks and days of bitter recriminations ended in what campaigners said was a “betrayal”.The developing world will receive at least $1.3tn (£1tn) a year in funds to help them shift to a low-carbon economy and cope with the impacts of extreme weather, by 2035. Continue reading...

Economics

5 hours ago Cop29 secures last minute $300bn climate finance deal as talks saved from collapse

Dramatic day saw prolonged negotiations, walkouts by vulnerable nations and protests echoing through corridors

Economics

10 hours ago Cop29 draft finance deal rejected as negotiators walk out of UN climate talks

The Alliance of Small Island States walked out because they did not want to engage with the rough draft in Baku.

Economics

19 hours 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

20 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...

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