UN climate negotiations in Baku hit a roadblock Thursday as delegates unveiled a draft deal with two rival options for funding the fight against global warming – but left the trillion-dollar question unanswered. 💸
The COP29 text reveals a deep divide between wealthy nations and developing countries over who should pay, how much, and what form climate finance should take. Both proposals acknowledge the need for up to 'X' trillion dollars annually but leave the number blank – like a climate-themed Mad Libs game gone wrong. 📝
With just one day left in talks, key issues remain unresolved. "This text shows we're still at opposite ends of the spectrum," said Li Shuo of the Asia Society Policy Institute, highlighting the uphill battle to secure a deal that works for all 190+ participating countries.
Climate activists warn that without clear financial commitments, global efforts to limit temperature rises to 1.5°C could collapse faster than a house of cards in a sandstorm. 🌪️ Will COP29 deliver a breakthrough – or kick the can down the road? The world is watching. 👀
