Talks between more than 190 countries on new money for poorer nations to deal with climate change have hit a deadlocked and precarious stage.
“It is iffy whether we will succeed,” the EU climate commissioner, Wopke Hoekstra, said at the Cop29 climate summit. UN negotiations have run deep into overtime in Baku, where developed countries privately talked about giving $300 billion a year to developing nations by 2035.
The compromise figure marks an increase on the $250 billion a year floated on Friday, when the fortnight-long talks were due to end at Azerbaijan’s national stadium. But the lower number was dismissed by African nations and island states threatened by rising seas
“This will only result in further damage for humanity and the planet,” the Brazilian