Nations have until Friday to break the impasse over how to raise $1 trillion a year for developing countries to cope with global warming.

The EU has proposed a compromise on climate finance at COP29, urging wealthy developing nations to voluntarily contribute. This shift in stance could unlock progress in negotiations but faces opposition from developing countries.

Countries at the COP29 summit tried to make progress on how to raise up to $1 trillion in climate finance for the world's most vulnerable, as political tensions overshadowed the talks and Argentina on Thursday pulled its delegation from Baku.

Campaign group WWF says there’s a ‘need for parties to get together and work through this’ as experts call for $1tn to reach developing countries each year

This year’s climate change conference is a stark reminder that meeting our climate goals requires unprecedented financial mobilization.

The first week of the COP29 summit in Baku ended with frustration at a lack of progress on the key issue of financing the energy transition and climate adaptation in developing countries. View on euro

Countries meeting in Azerbaijan to discuss a new global financial settlement for tackling the climate crisis must “cut the theatrics” and get down to serious business, the UN has said. The UK and Brazil have been drafted in to try to break a logjam at the Cop29 climate summit,