Sara Schonhardt

Negotiators have to agree on a financial target for global climate aid. What could go wrong?

EU delegates left the room in protest against gender language backtracking. BAKU, Azerbaijan — Women bear the brunt of climate change.

EU delegates left the room in protest against gender language backtracking.

Privately, however, some conceded they may have to settle for the lower figures for now as COP29 talks amble toward the finish line.

Career negotiators at the climate talks face working for a president who says global warming is a hoax, being reassigned or finding new jobs.

Developing nations are pressing for trillions in climate aid, while wealthy countries offer significantly less, sparking tensions at COP29 negotiations.

The European Union and 11 nations, excluding the U.S., pledged to establish stringent greenhouse gas reduction goals by 2035, with Canada and Mexico leading the coalition.

The draft agreement comes with many uncertainties about which nations will provide how much financing to poorer countries, especially with a new Trump era looming in the U.S.

Dominance of clean energy technology has allowed China to cement its influence with developing nations, overwhelming more meager efforts by the U.S. and Europe.

Rich nations including the US, China, UK and Australia worked overnight to try to break the stalemate at the COP29 climate summit, diplomats told POLITICO. There was ‘lots of shouting,' one diplomat said.