As COP29 continues in Baku, Azerbaijan, negotiations for a new climate finance target remain unresolved. Developed nations propose $250 billion annually, far below the $1 trillion demanded by developing countries. The outcome is critical amid fears of reduced commitment from wealthier nations following Donald Trump's election.
The COP29 summit aims to establish a New Collective Quantified Goal (NCQG) for climate finance, replacing the previous $100 billion annual target. Developing nations have consistently called for at least $1 trillion annually to address climate impacts, but developed countries have yet to commit to a specific figure.
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Donald John Trump is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021.
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The Paris Agreement is an agreement within the United Nations Framework Convention on Climate Change, dealing with greenhouse-gas-emissions mitigation, adaptation, and finance, signed in 2016.
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China, officially the People's Republic of China, is a country in East Asia. It is the world's most populous country, with a population of around 1.4 billion in 2019.
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Azerbaijan, officially the Republic of Azerbaijan, is a country in the Caucasus region of Eurasia. Located at the crossroads of Eastern Europe and Western Asia, it is bounded by the Caspian Sea to the east, Russia to the north, Georgia to the northwest, A
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The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.
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The United Nations is an intergovernmental organization that aims to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations.
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Kamala Devi Harris is an American attorney and politician who has served as the junior United States Senator from California since 2017.
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The United States of America, commonly known as the United States or America, is a country mostly located in central North America, between Canada and Mexico.
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Joseph Robinette Biden Jr. is an American politician who is the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 and represented Delaware in the United States Senate
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Xi Jinping is a Chinese politician serving as the general secretary of the Communist Party of China, president of the People's Republic of China, and chairman of the Central Military Commission.
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The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country located off the northÂwestern coast of the European mainland.
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India, officially the Republic of India, is a country in South Asia. It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world.
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The G20 is an international forum for the governments and central bank governors from 19 countries and the European Union. Founded in 1999 with the aim to discuss policy pertaining to the promotion of international financial stability, the G20 has expande
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The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
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Brazil, officially the Federative Republic of Brazil, is the largest country in both South America and Latin America. At 8.5 million square kilometers and with over 211 million people, Brazil is the world's fifth-largest country by area and the sixth most
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Simon Emmanuel Kervin Stiell is a Grenadian politician, serving as the executive secretary of the United Nations Framework Convention on Climate Change since August 2022.
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The Inflation Reduction Act of 2022 is a bill passed by the 117th United States Congress in August 2022 that aims to curb inflation by reducing the deficit, lowering prescription drug prices, and investing into domestic energy production while promoting c
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Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian and Pacific oceans. It consists of more than seventeen thousand islands, including Sumatra, Java, Borneo, Sulawesi, and New Guinea. Indonesia i
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Vietnam, officially the Socialist Republic of Vietnam, is a country in Southeast Asia and the easternmost country on the Indochinese Peninsula. With an estimated 96.2 million inhabitants as of 2019, it is the 15th most populous country in the world. Vietn
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Mukhtar Bahadur oghlu Babayev is an Azerbaijani politician, Minister of Ecology and Natural Resources of Azerbaijan Republic. Babayev is expected to preside over COP29.
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Sir Keir Rodney Starmer KCB QC MP is a British politician and former lawyer who has served as Leader of the Labour Party and Leader of the Opposition since 2020. He has been Member of Parliament for Holborn and St Pancras since 2015.
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John David Podesta Jr. is an American political consultant who served as White House Chief of Staff to President Bill Clinton from 1998 to 2001 and Counselor to President Barack Obama from 2014 to 2015.
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Greenpeace is a non-governmental environmental organization with offices in over 55 countries and an international coordinating body in Amsterdam, the Netherlands.
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The United Nations Environment Programme is responsible for coordinating the UN's environmental activities and assisting developing countries in having environmentally sound policies and practices.
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The Committee on Climate Change is an independent non-departmental public body, formed under the Climate Change Act to advise the United Kingdom and devolved Governments and Parliaments on tackling and preparing for climate change.
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Edward Samuel Miliband is a British politician serving as Shadow Secretary of State for Business, Energy and Industrial Strategy since 2020, and has served as Member of Parliament for Doncaster North since 2005.
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