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Time ticks down for negotiators at UN climate talks to find deal to curb global warming [Video]

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Canadian National News

With time running down, negotiators at the United Nations annual climate talks on Wednesday remained mired in the maze of a trillion-dollar money problem, turning to host Azerbaijan to lead the way to daylight with a promised map to be released in the dark of night.

Vulnerable nations are seeking $1.3 trillion to deal with damage from climate change and to adapt to that change, including building out their own clean-energy systems. Experts agree that at least $1 trillion is called for, but both figures are far more than the developed world has so far offered.

Negotiators are fighting over three big parts of the issue: How big the numbers are, how much is grants or loans, and who contributes.

After 10 days of talks, the host presidency of the talks, called COP29, promised a draft proposal around midnight local time, which they acknowledged will be far from final and have many decisions still to be made. But it’s something, a …

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