COP29 Faces Stalemate as Saudi Arabia Blocks Fossil Fuel Phase-Out

At the UN climate talks in Baku, Saudi Arabia's resistance to ending fossil fuel reliance stalls negotiations.

• Saudi Arabia is actively obstructing discussions on fossil fuel phase-out at COP29, raising procedural objections and refusing to engage in key meetings.
• The G20 summit's climate commitments, including taxing the super-rich to fund climate initiatives, are seen as inadequate by many critics.
• Developing countries are demanding increased financial support for climate adaptation, with calls for $1.3 trillion annually from industrialized nations.
• Germany pledges €60 million to the Climate Adaptation Fund, emphasizing the need for international cooperation to bolster climate resilience.
• The geopolitical landscape at COP29 is tense, with the U.S. political shift and China's growing influence shaping the negotiations.

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