COP29: Alle wichtigen Ergebnisse wurden bei den UN-Klimaverhandlungen in Baku vereinbart

Developed nations have agreed to help channel “at least” $300bn a year into developing countries by 2035 to support their efforts to deal with climate change.

However, the new climate-finance goal – agreed along with a range of other issues at the COP29 summit in Baku, Azerbaijan – has left developing countries bitterly disappointed.

They were united in [calling](https://www.carbonbrief.org/explainer-how-can-climate-finance-be-increased-from-billions-to-trillions/) for developed countries to raise $1.3tn a year in climate finance. 

In the end, negotiators agreed on a looser call to raise $1.3tn each year from a wide range of sources, including private investment, by 2035. 

Some countries, including [India](https://bsky.app/profile/drsimevans.carbonbrief.org/post/3lbnljpwu522v) and [Nigeria](https://bsky.app/profile/drsimevans.carbonbrief.org/post/3lbnmfcedqk2v), accused the COP29 presidency of pushing the deal through without their proper consent, following chaotic last-minute negotiations.

Countries failed to reach an agreement on how the outcomes of last year’s “[global stocktake](https://www.carbonbrief.org/cop28-key-outcomes-agreed-at-the-un-climate-talks-in-dubai/)”, including a key pledge to transition away from fossil fuels, should be taken forward – instead shunting the decision to COP30 next year in Brazil.

They did manage to find agreement on the remaining sections of Article 6 on carbon markets, meaning all elements of the Paris Agreement have been finalised nearly 10 years after it was signed.

Negotiations were overshadowed by the [reelection](https://www.carbonbrief.org/experts-what-does-a-trump-presidency-mean-for-climate-action/) of Donald Trump, who has promised to roll back climate action and take the world’s [biggest historical emitter](https://www.carbonbrief.org/analysis-chinas-emissions-have-now-caused-more-global-warming-than-eu/) out of the Paris Agreement [once again](https://www.carbonbrief.org/global-reaction-trump-pulls-us-out-paris-agreement-climate-change/).

COP president Azerbaijan – a country that sources two-thirds of its government revenue from fossil fuels – faced accusations of conflict of interest and malpractice, with one minister labelling its hosting style “deplorable”.