COP29 Summit Struggles To Reach Financing Agreement

TaiwanPlus News

As the COP29 summit enters its final day, countries remain split over the proposed financing commitments and mitigation of fossil fuels, leaving these issues unresolved.

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00:00A draft climate finance deal that's short on detail has triggered discontent at the

00:05COP 29 summit in Baku, Azerbaijan.

00:08Less than 48 hours before finishing, the critical objective of this COP is right now an empty

00:20placeholder.

00:21There is not a clear quantum defined by donors.

00:28So we are negotiating on nothing.

00:32The latest draft arrived several hours late with key information missing about how much

00:37wealthy countries should contribute in climate aid.

00:40Details on climate mitigation have also come under fire, with some countries saying the

00:44new text weakens last year's fossil fuel commitments.

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