Delegations at the UN climate conference COP29 in Baku failed to complete work on the final document on time and will now continue consultations, the French radio station
France Info reported on Friday.
The conference was scheduled to end on Friday at 18:00 local time (19:00 Moscow time). However, a compromise was not reached by this deadline, and now the negotiators will be forced to stay in Azerbaijan longer than planned. The organizers of the conference in Baku, in turn, promised to continue working on "more just and ambitious goals."
The radio station explains that the main debate has centered on how much money should be allocated to developing countries to combat the effects of climate change.
For a long time, no specific figures were announced at the conference. According to Western media reports, earlier on Friday, the organizers distributed an interim version of the final communiqué, which stated that the authorities of developed countries should strive to allocate $250 billion a year by 2035 to help developing countries combat climate change.
"The draft agreement also sets a goal of increasing annual funding for developing countries from $100 billion to $250 billion by 2035," The Guardian reported, citing a draft of the agreement circulated earlier on Friday.
The document also contains a "call to work together to achieve, by 2035, an increase in funding for developing countries' climate change initiatives, using both public and private funds, to at least $1.3 trillion."
Such formulations did not satisfy many conference participants. For example, Kenyan negotiator Ali Mohammed, representing African countries at COP29, said that $250 billion per year is not enough. He called the proposal of developed countries "completely unacceptable and does not take into account reality."
Previously, some developing countries had demanded clear commitments of $1.3 trillion a year in climate finance. Another group of developing countries, led by China, had demanded at least $500 billion a year.
