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UN’s Guterres urges COP29 negotiators to reach funding agreement after draft spurned

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Developing countries plus China, an influential negotiating bloc, want at least $500bn from developed nations in the form of grants or money without strings attached, rather than loans that add to national debt.

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COP29 climate talks urged to find $1 trillion a year for poorer countries, but agreement considered difficult

COP29 climate talks urged to find $1 trillion a year for poorer countries

BAKU, Nov 14 (Reuters) - Developing countries need at least $1 trillion per year by the end of the decade to cope with climate change, economists told U.N. talks in Baku, where early efforts to reach a finance deal risk being overshadowed by diplomatic disputes.
 
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