Climate Summit Negotiators Face Time-Rapid Deadline

• Negotiators at COP-29 face a trillion-dollar funding problem.

• Vulnerable nations seek $1.3 trillion to deal with climate change damage and adapt to it.

• Experts agree at least $1 trillion is needed, but both figures are more than developed nations have offered.

• After 10 days of talks, the host presidency promised a draft proposal, but it’s far from final.

• German special climate envoy Jennifer Morgan emphasized the responsibility on the COP-29 presidency.

• Diego Pacheco Balanza, chair of the Like-Minded Developing Countries negotiating bloc, criticized the $200 billion figure for negotiating corridors.

• Alden Meyer of E3G and Juan Pablo Hoffmaister of the Environmental Defense Fund expressed frustration and frustration as time runs out.