BAKU (AZERBAIJAN), Nov 22: Despite the much-anticipated United Nations Climate Change Conference (COP-29) drawing closer to the conclusion, there is still no agreement among big nations on the size, nature, definition, or sources of climate finance.
Negotiators are attempting to finalize a fixed amount for climate finance, while climate activists continue to pressure for an agreement by organizing exhibitions and rallies at the conference venue.
Nations at UN climate talks back universal emissions rules
A grassroots-level assembly, the People's Plenary, was organized on Thursday by global civil society. En route to the conference’s main venue, representatives from various organizations held exhibitions, delivered speeches and performed dances to demand a concrete decision. Activists emphasized that developed nations must bear the financial burden of climate finance.
Climate finance management is the central theme of the Baku conference. The latest 10-page draft document of the repeatedly revised New Collective Quantified Goal (NCQG) outlines the need for trillions of US dollars to assist developing countries between 2025 and 2035. However, no agreement has yet been reached on this issue.
