COP29: New negotiating texts set up battle over climate finance deal

clock • 9 min read
Credit: COP29
Image:

Credit: COP29

New draft negotiating texts point way to a compromise deal, but proposals for $250bn in finance from industrialised nations fall far short of developing economy asks

Diplomats at the COP29 Climate Summit in Baku are this afternoon poring over fresh negotiating texts, which set out plans for a new $1.3tr a year climate finance package and a reinvigorated global push...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Climate change

'History will remember who showed up': Prince William to attend COP30

'History will remember who showed up': Prince William to attend COP30

Prince of Wales confirms attendance at Belém Climate Summit in move that aims to help galvanise talks

Stuart Stone
clock 10 October 2025 • 3 min read
'This is what farming with climate change looks like': England endures second worst harvest on record

'This is what farming with climate change looks like': England endures second worst harvest on record

New analysis confirms three of the five worst harvests on record have occurred in the past five years on the back of extreme heat, drought, and rainfall

Stuart Stone
clock 09 October 2025 • 4 min read
Emma Pinchbeck: 'If you want to build a future, you need everyone in the room to design it'

Emma Pinchbeck: 'If you want to build a future, you need everyone in the room to design it'

Climate Change Committee CEO calls for women and marginalised groups to play a bigger role in building a nature friendly, zero carbon society

Michael Holder
clock 09 October 2025 • 6 min read