Climate Finance Dispute Prolongs Baku Talks

• Climate talks in Baku, Azerbaijan, extended due to unacceptable draft agreement.

• Developed countries offered $250 billion by 2035 as the New Collective Quantified Goal for Climate Finance (NCQG).

• Despite acknowledging $700 billion needed until 2030, no commitment was made to disburse this in affordable terms.

• European Union delegates deemed the request of a trillion dollars a year “unacceptably high.”