COP29 Stalemate Over Climate Finance: Who Should Pay?

World leaders clash in Baku over which nations should contribute to climate aid for vulnerable countries.

Developed nations face pressure to expand the donor base to include newly wealthy countries like China and Saudi Arabia.
The Swiss-Canadian proposal suggests income and emissions criteria to determine mandatory donors, sparking controversy.
Developing countries argue against expanding the donor base, citing historical emissions responsibility of North America and Europe.
The Loss and Damage Fund, established last year, remains unfunded, highlighting ongoing challenges in climate finance commitments.
The finance goal discussions are complicated by political factors, including recent U.S. election outcomes affecting climate policy.