Negotiations at the UN climate summit in Baku, Azerbaijan, enter their second week today with a slew of unfinished agenda items. Why it matters: A failure to arrive at a new and far-reaching annual funding target for climate funding directed at the developing world — which climate impacts are hitting the hardest — could have knock-on effects for years.

This year’s climate change conference is a stark reminder that meeting our climate goals requires unprecedented financial mobilization.

The EU has softened its stance on climate finance, urging wealthier developing nations to contribute voluntarily, while developing countries demand rich nations fulfill their commitments. The UN climate chief warns of talks stalling if countries refuse to compromise.

Campaign group WWF says there’s a ‘need for parties to get together and work through this’ as experts call for $1tn to reach developing countries each year

The first week of the COP29 summit in Baku ended with frustration at a lack of progress on the key issue of financing the energy transition and climate adaptation in developing countries. View on euro

T he future of nations that have banded together to fight climate change, which will endanger part of the human race, has already proven to be a failure. On paper, the US, part of