US and China Make Progress on Climate Finance Talks Despite Ongoing Differences

Discussions focus on COP29, new climate fund, and ambitious 2035 targets amid uncertainties in US political landscape.

US climate envoy John Podesta and Chinese officials report narrowing differences on climate finance.
Key discussions include the upcoming COP29 climate talks and a proposed fund for developing countries.
The US seeks to broaden the contributor base for the climate fund, while China worries about diluting rich nations' obligations.
Both countries are preparing to submit new 2035 climate targets to the United Nations.
A bilateral summit on reducing non-CO2 greenhouse gases, such as methane, is also planned.