COP29 Climate Talks End with Pending Issues

• COP29 climate talks are nearing their final stretch, with Azerbaijan, the host country, preparing to publish an update on negotiations.

• The main aim is to agree a new target for funding to developing countries to help them adapt to climate-driven disasters and transition to cleaner energy systems.

• The talks, which began on November 11, are due to end on Friday at 1400 GMT.

• The focus is on defining the structure of a new target, including what counts as climate finance and who needs to contribute.

• Issues to be resolved include whether China should be included among the richer core donors and the degree to which countries should provide finance in the form of grants or loans.

• There is still much to be agreed on, including how to track trades and disclosure rules.

• If fully agreed, a U.N.-backed global market could fund billions of dollars of projects reducing greenhouse gas emissions.

• COPs rarely finish on time, with delegations consulting intensively in private with the presidency on the proposed deal.