At COP29 in Azerbaijan, experts warn that developing countries will require at least $1 trillion yearly by 2030 to transition to greener energy and combat extreme weather. Negotiations focus on establishing a new funding target, following a delayed achievement of a previous $100 billion per year goal. A report suggests this target should increase to $1.3 trillion annually by 2035. Amid geopolitical tensions, including strained relations between France and Azerbaijan, countries like Argentina withdraw from talks, complicating the quest for a comprehensive agreement on climate funding.

Source