The months of lead-up sessions to COP29, which is being hosted this year in Azerbaijan, have been painfully slow even by the plodding standards of global climate diplomacy, participants say.
With just two months to go, there still isn’t an agreed definition of “climate finance” let alone how much should be paid, which countries should receive it and how, and who should be on the hook for it.
Some developing countries are demanding north of $1 trillion annually, a 10-fold increase on existing pledges.
If elected, Trump could slash funding for the climate and Ukraine, leaving the EU — which saw swings to the right in elections this year — footing the bill.
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