A fresh draft of a climate pact unveiled Thursday at COP29 failed to break an impasse between nations, with negotiators racing against the clock to broker a trillion-dollar finance agreement.

COP29 draft climate finance package rejected by all signatories, developing nations demand $1.3 trillion annually for climate challenges.

The latest draft of the negotiating text, which arrived several hours behind schedule, reveals that significant decisions remain on key aspects of the clmate finance agreement.

A document that came out from COP 29 today states trillions of dollars will be provided and mobilized for climate finance. Understand the discussions behind this outcome.

The talks are grappling with three major sticking points: the size of financial contributions, the balance between grants and loans, and the question of which countries will contribute.

As delegates from all over the world attend the opening of COP29 in Azerbaijan this Monday, we focus on the financial needs of developing economies in their bid to transition to a green economy and build…