Euronews Green provides updates from the UN climate conference in Baku, Azerbaijan, reporting on the latest developments from day 11 of the summit. A new set of draft texts was released, with talks running into overtime as countries negotiate the final deal. The current draft proposes a $250 billion contribution by 2035 to replace the $100 billion pledged by wealthy nations in 2009. An ambitious goal of $1.3 trillion a year by 2035 from all sources has also been put forward. However, reactions from civil society groups and developing nations have been critical, with Brazil’s chief negotiator expressing disappointment in the late finance bid from Azerbaijan. The search for a compromise continues as countries await official comments and future draft texts. Follow Euronews Green for extensive coverage of COP29 from our team in Baku and Europe as negotiations unfold.
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