US Election Uncertainty Stalls UN Climate Finance Talks

Negotiators delay positions on climate funding ahead of COP29 due to potential shift in US policy post-election.

The upcoming US presidential election has created uncertainty in global climate finance negotiations ahead of COP29 in Baku, Azerbaijan.
Countries are hesitant to commit to new climate finance targets without knowing if the US will continue current policies or revert to Trump-era stances.
The current $100 billion annual climate finance pledge expires this year, and negotiators fear missing a new agreement could jeopardize future climate efforts.
The US election could result in three scenarios: a Harris presidency continuing Biden's policies, a Trump presidency withdrawing from climate commitments, or prolonged election uncertainty.
Recent political shifts in the EU and Canada reflect growing resistance to costly climate policies, further complicating international climate finance discussions.