Climate

A fresh draft of an international climate agreement unveiled at COP29 in Azerbaijan suggests that developed nations should allocate $250 billion each year by 2035 to assist less affluent countries in combating global warming.

Nations have returned to the stalled UN climate negotiations, with hopes that G20 leaders meeting across the globe can galvanize support for a deal benefiting poorer nations.

At the COP29 summit, nations aimed to make headway in securing up to $1 trillion in climate finance for the world's most vulnerable communities, though the discussions were clouded by political tensions.

The UN's climate chief has stated at the 29th annual UN Climate negotiations in Baku that climate finance is "not a charity."The 29th annual UN Climate negotiations, featuring nearly 200 countries, are currently taking place in Azerbaijan.

According to a significant academic study, any violation of the limits on global warming agreed upon by climate scientists could lead to "irreversible consequences" for our planet.