A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against climate change and cut emissions of planet-warming greenhouse gases.

At the COP29 talks in Azerbaijan, developing nations are demanding a bigger commitment from historic polluters most responsible for warming, but rich countries insist that massive financial pledges are not politically realistic. In a draft text revealed hours before two weeks of fraught bargaining were set to end, Azerbaijan said...

As the UN climate talks limp into a second week in Azerbaijan, the world is no closer to a finance deal for poorer countries that will determine the success or failure of COP29. UN climate boss Simon Stiell said that "bluffing, brinkmanship and premeditated playbooks burn up precious time and...

Major emitters must take the lead, but every nation has a role in addressing the climate crisis. Success hinges on ambitious Nationally Determined Contributions, strengthened by robust financial support and capacity-building efforts. The coming months are critical for translating commitments into impactful action, adds the author.

uncertainty over Trump's next moves now clouds the APEC agenda -- as it does for the COP29 climate talks underway in Azerbaijan, and a G20 summit in Rio de Janeiro next week.

According to the latest draft of the long-sought climate finance pact, most developing countries favor an annual commitment from wealthy countries of at least US$1.3 trillion.

Dozens of world leaders convene in Azerbaijan on Tuesday for COP29 but many big names are skipping the UN climate talks where the impact of Donald Trump's election victory is keenly felt.

The small group of developed countries that currently contributes the money wants the donor pool expanded to include other rich nations and top emitters, including China and the Gulf states, something firmly rejected by Beijing.

he COP29 climate talks open Monday in Azerbaijan, under the long shadow cast by Donald Trump's re-election. Trump has pledged to reverse the United States' carbon-cutting commitments

Paris, France -- The UN has published a draft on climate financing due to be presented at the COP29 in November, laying out the conflicting positions from which the main country blocs will try to clinch the next climate deal. The document, which AFP consulted Friday, is the basis for negotiating...

Bonn, Germany -- The incoming president of the COP29 UN climate summit in Azerbaijan told AFP on Friday that his country would keep increasing fossil fuel production "in parallel" with investments in cleaner alternatives. Mukhtar Babayev defended his country's hosting of the world's most important climate summit despite its surging natural...

Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available to help them transition to cleaner energies, the chairman of this year's UN climate negotiations said Thursday. Addressing a ministerial climate meeting in Copenhagen, Azerbaijan's Mukhtar Babayev said "there is...

Baku, Azerbaijan--NATO Secretary General Jens Stoltenberg on Sunday stressed the need to fight global warming, and called climate change a "crisis multiplier" with implications for global security. He made the remarks during a press conference in Baku along with Azerbaijani President Ilham Aliyev, whose energy-rich country is set to host the...

The UAE hosted last year's COP28 conference in Dubai, while Azerbaijan will host this year's summit followed by Brazil in 2025. The three countries were mandated by 198 signatories to the Dubai agreement to work together on a roadmap to limit global warming to 1.5 degrees Celsius, a key climate...

Despite the last COP in the United Arab Emirates ending with an unprecedented call to "transition" away from fossil fuels, an analysis by the NGO Global Witness based on data from Rystad Energy shows that the upcoming COP29 host aims to hike its gas production from 35 billion cubic meters...

Dubai, UAE -- Petro-state Azerbaijan has cleared a key hurdle to host next year's UN climate summit despite the controversy over COP28 taking place in the oil-rich United Arab Emirates. Armenia said Thursday it was dropping its rival bid for COP29 as it tries to normalize relations with its neighbor after...