Division and Discontent Emerge at COP29 Climate Summit Over Finance Deal

BAKU, Nov 21– Tensions erupted at the U.N. climate summit in Baku on Thursday as delegates grappled with a proposal for a new global finance deal. The proposal, which presented two vastly different options, left many dissatisfied as the closing deadline of the summit approached.

The central issue at COP29 revolves around how much financial support developed countries should provide to poorer nations to help combat climate change. The financial arrangement is seen as a critical element in global efforts to mitigate the impacts of rising temperatures and environmental damage.

As the summit nears its conclusion, disagreements over the proposed finance deal highlight the divisions between developed and developing nations, with both sides dissatisfied by the options presented. The lack of consensus on this key issue threatens to delay or derail crucial climate financing agreements necessary to address the escalating climate crisis.