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COP29 deal: Inside the frantic manoeuvre that saved climate talks at a cost

Bloomberg
Bloomberg • 16 min read
COP29 deal: Inside the frantic manoeuvre that saved climate talks at a cost
“At the end of the day, the fear is always, for us, if it collapses, then where do we go?” Photo: Bloomberg
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Negotiations over hundreds of billions of dollars in new climate funding for developing countries had staggered into overtime at COP29 in Azerbaijan.

Bitter recriminations had thrown a desperate, closed-door session on Saturday into what looked like a fatal impasse. It only darkened the mood that food had all but run out the night before inside the Baku Olympic Stadium, which had become United Nations territory during the annual summit. 

As talks stagnated, a group of envoys from some of the most vulnerable nations — including island states who see themselves as the first casualties of rising seas and runaway temperatures — abruptly walked out.

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