With just hours left until COP29 wraps up, global negotiators are racing against the clock to secure a historic deal on climate funding. The burning question? How much cash wealthy nations will commit to support developing countries in their fight against climate change after 2025. 🔥
Developing nations, backed by the G77 and China group, are pushing hard for a clear dollar figure. 'We need a headline number to show real progress,' declared Adonia Ayebare, chair of the G77 negotiating bloc, during tense Thursday talks. But fresh draft texts reveal major gaps, with countries still split on targets and accountability measures.
Why does this matter? 💡 Climate-vulnerable nations from the Pacific islands to sub-Saharan Africa say predictable funding is crucial for transitioning to clean energy and building storm-resistant infrastructure. Meanwhile, developed countries want assurances about how funds will be used.
The stakes couldn't be higher: failure to agree could derail global climate efforts ahead of 2030 emissions targets. As negotiators pull all-nighters in Baku, the world watches to see if this becomes the 'Group Project From Hell' or a breakthrough moment for climate justice. 🌱⚖️
