UN climate summit in Baku: Money talks stall as ministers prepare to step in
First round of UN climate negotiations in Baku shows little movement on financial agreements. High-level government officials are getting ready for crucial second-week discussions
The initial phase of UN climate discussions in Baku didnt bring expected results with side-issues taking center stage instead of core financial agreements. The talks (which started Nov-10) faced several roadblocks as countries tried to work-out complex money-related problems.
The high-priority topics remained un-resolved including: financial aid from well-off nations climate damage compensation and support for clean-energy switch in developing countries. These money-focused discussions are now waiting for next weeks high-level talks
The Azerbaijan-hosted meeting — known as COP-29 — is now preparing for arrival of government ministers whoʼll handle tough political choices. Sultan Al Jaber‚ the conferences chair expects more concrete progress when senior officials join the talks: their presence should help break through current stand-still
The meetings first segment showed that money-related decisions need extra push from top-level decision makers. With ministers scheduled to arrive next week (bringing fresh political power to negotiations) hopes are up for meaningful progress on financial support systems
