Cop29 live: tense day predicted as negotiators mull over new draft texts

Stakes high as officials discuss summit's key question of how much rich countries should pay for developing nations to cope with climate crisis and decarbonize their economiesIn response to the latest text on climate finance, Laurie van der Burg, Oil Change International Global Public Finance Manager, said it was "a mixed bag with good, bad and ugly options.""Rich countries now have a last chance to step up to pay the climate debt they owe to the Global South and unlock a fair and funded fossil fuel phaseout, while barring dangerous distractions. Wealthy nations must support delivering the trillions urgently needed in public finance with the majority provided debt-free, which is currently on the table."Speaking at a press conference in Baku this morning, Hoekstra was asked for reaction to the lack of a clear figure on the climate finance - which currently just has an "X" for the target on the new collective quantified goal (NCQG)."It is clearly unacceptable as it stands," said Hoekstra, giving little else away. Continue reading...