BAKU, Azerbaijan — Fierce bargaining at UN climate talks in Azerbaijan dragged into Saturday after a $250 billion a year offer from rich nations was flatly refused by developing countries hardest hit by Earth's rapid warming.
BAKU, Azerbaijan — Fierce bargaining at UN climate talks in Azerbaijan dragged into Saturday after a $250 billion a year offer from rich nations was flatly refused by developing countries hardest hit by Earth's rapid warming.Negotiators from nearly 200 nations spent another harried and sleepless night in a sports stadium trying to land a compromise figure for poorer countries facing rising seas, harsher droughts and worsening disasters.
Germany, a longtime leader on climate where elections are due next year, said governments could not meet these costs alone, and debt restructuring and other financial tools would need to play a part.Europe wants to 'live up to its responsibilities, but also in a way that it doesn't make promises it can't live up to,' German Foreign Minister Annalena Baerbock told reporters.The draft text also sets an ambitious overall target to raise at least $1.
Braces For New Deal After Poorer Nations Reject Climate Offer
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