A key task of the UN gathering, which kicked off on Nov 11 in Baku, Azerbaijan, is to establish a 2025-35 climate finance commitment from developed nations to developing countries, which is officially known as the New Collective Quantified Goal.

The press conferences at COP29 are where high-ranking ministers, diplomats, and advocacy group leaders make hard-hitting public statements.

Negotiations at the UN climate summit in Baku, Azerbaijan, enter their second week today with a slew of unfinished agenda items. Why it matters: A failure to arrive at a new and far-reaching annual funding target for climate funding directed at the developing world — which climate impacts are hitting the hardest — could have knock-on effects for years.

The Climate COP is halfway over and, to put it simply: while things have been urgent for some time, we have now come to a dire moment.