Amid tense political disputes, COP29 in Baku grapples with raising $1 trillion in climate finance to support vulnerable nations. Argentina's delegation withdrawal and friction between developed and developing countries add pressure to reach a consensus on funding goals.
Countries at the COP29 summit have been trying to agree on how to raise up to $1 trillion in climate finance for the world's most vulnerable, as political tensions overshadowed the talks and Argentina on Thursday pulled its delegation from Baku.
The success of this year's United Nations climate summit hinges on whether countries can agree on a new finance target for richer countries, development lenders and the private sector to deliver each year. Developing countries need at least $1 trillion annually by the end of the decade to cope with climate change, economists told the U.N. talks.
Many countries have said that money is essential to their setting ambitious climate goals ahead of next year's COP30 in Brazil.
But reaching a deal could be tough at this year's summit, where the mood has been soured by public disagreements and pessimism about shifts in global politics.
Donald Trump's presidential election win has cast the United States' future role in climate talks into doubt, and tension between developed and developing nations has bubbled to the surface on the main stages and in negotiating rooms.
"Parties must remember that the clock is ticking," COP29 Lead Negotiator Yalchin Rafiyev told a news conference.
The previous annual finance goal of $100 billion expires this year. But wealthy countries only met the pledge in full starting in 2022.
Early Thursday, a report from the Independent High-Level Expert Group on Climate Finance said the target annual figure would need to rise to at least $1.3 trillion a year by 2035 if countries fail to act now.
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Some changes are immediately visible: new turbines on the steppe, solar panels on rooftops, and figures in reports. Other changes mature in silence - but transform everything. Azerbaijan, for decades associated with black gold, is now writing a new chapter.
Azerbaijani non-governmental organisations have called on U.S. President Donald Trump to reject an appeal by the U.S.-based Lemkin Institute for Genocide Prevention. The appeal urges Washington to pressure Azerbaijan to release detainees of Armenian origin, including Ruben Vardanyan.
The United Nations Framework Convention on Climate Change (UNFCCC) has formally recognised Azerbaijan’s strong organisation and effective delivery of COP29, paving the way for deeper cooperation and the involvement of Azerbaijani specialists in future global climate initiatives.
On September 1, Azerbaijani President Ilham Aliyev met with Maldives President Mohamed Muizzu in Tianjin, China, to strengthen economic, trade, and tourism ties between the two nations.
Hungarians vote in elections on Sunday that could see the end of hard right nationalist Prime Minister Viktor Orbán’s more than 15 year rule. Opinion polls show Orbán’s Fidesz party trailing 45-year-old Péter Magyar’s centre-right opposition Tisza party.
U.S. and Iranian negotiators held their highest-level talks in half a century in Pakistan on Saturday in an effort to end their six-week war, as President Donald Trump said the U.S. military had begun the process of clearing the Strait of Hormuz.
At least 30 people were killed on Saturday in a stampede at Haiti’s Laferrière Citadel World Heritage Site, with authorities warning that the death toll could rise.
Israel has reprimanded Spain’s most senior diplomat in Tel Aviv after a giant effigy of Prime Minister Benjamin Netanyahu was blown up in a Spanish town.
Nine suspects were arrested on Saturday (11 April) in connection with a terror attack targeting a police post in Istanbul’s Beşiktaş district.
Communities in Mexico have taken to the streets to protest against an ongoing oil spill in the Gulf of Mexico that has killed wildlife and damaged coral reefs over several weeks.
The World Meteorological Organization (WMO) has warned that the Earth’s climate system is becoming increasingly unstable, with new evidence showing a growing imbalance in how the planet absorbs and releases energy.
China is preparing for a year of extreme weather in 2026, with authorities warning the country could face both severe flooding and widespread drought, underscoring mounting climate pressures.
Heavy rain, flash floods and lightning strikes across Afghanistan have killed 28 people and destroyed hundreds of homes in Kabul, Herat and other provinces.
Central Asia is stepping up efforts to address rapid glacier melt, following United Nations warnings of unprecedented climate pressure on mountain ecosystems.
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