COP29 Negotiators Face Challenges on Climate Pact

Negotiators at COP29 in Baku are racing to finalize a trillion-dollar climate deal to aid poorer nations as the summit nears its conclusion. A new draft proposal has been rejected by both rich and developing countries, with calls for a commitment of $1.3 trillion by 2030, including at least $500 billion from developed nations. The United States expressed concerns over imbalances in the draft deal, emphasizing the need for strong decisions. Major contributors like the EU have resisted demands, insisting that private sector funding must be included. Amid these negotiations, U.S. diplomats face uncertainty about the future of climate commitments given the potential shift in leadership with President-elect Donald Trump, who has threatened to dismantle climate initiatives. The urgency is palpable as critical issues, including fossil fuel phase-out, remain unresolved.