Countries fail to agree on size of fund to fight climate change ahead of Cop29 summit

It comes ahead of the the Cop29 climate talks in Azerbaijan in November, where nearly 200 countries need to agree on a new annual financing target for helping poorer countries cut their emissions and protect their societies in a harsher, hotter world

The new financing target is the core tool that global climate talks can deliver to fund projects that reduce planet-warming emissions — such as renewable energy or low-carbon transport.

With just five months to go before this year's UN climate summit, countries cannot agree on the size of a global funding bill to help the developing world fight climate change — let alone how to split it.

The decision is set to dominate the Cop29 climate talks in Azerbaijan in November, where nearly 200 countries need to agree on a new annual financing target for helping poorer countries cut their emissions and protect their societies in a harsher, hotter world.