Baku talks heat up: New climate finance deal, urban challenges in COP29 spotlight

As intense round-the-clock COP29 climate talks enter their final stretch in Baku, delegates on Wednesday are eagerly awaiting updates on the progress of negotiations regarding a new climate finance target. Meanwhile, high-level discussions also continued, with a focus on key issues such as urbanization, transport, and tourism.

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Baku talks heat up: New climate finance deal, urban challenges in COP29 spotlight

‘Cut the theatrics’: UN climate chief tells COP29 negotiators to focus on solutions as talks enter final week

18 Nov 2024

As COP29 climate talks in Baku enter their final week, the UN climate chief told negotiators on Monday to “cut the theatrics,” get down to business and hammer out a new finance deal to compensate countries for climate-driven damages and pay for a clean-energy transition.

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Following another year of record-high global heat and extreme weather events, UN climate chief Simon Stiell told negotiators at COP29 in Baku that setting an ambitious new climate finance target is crucial for the well-being of all nations, including the wealthiest and most powerful.

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Climate talks at COP29 in Baku on Wednesday turned to the pressing issue of how to manage the demand for minerals essential to producing electric vehicles and solar panels without triggering a “stampede of greed” that exploits local communities and crushes the poor.