Climate Summit in Azerbaijan Kicks Off: Who Pays the Bill?

The annual climate summit, COP29, has started in Baku, Azerbaijan. The key topic is money – how much is needed and who will pay to help poor countries deal with climate change? The UN says developing countries need about $1 billion daily just to cope with current extreme weather. They're getting only a tenth of that. The fossil fuel industry makes huge profits while vulnerable communities struggle. COP29 delegates know the stakes and will now debate how to close the financial gap. The summit's teal color scheme and unique logos brighten up the venue. One logo shows a factory with a chimney that emits a leaf, symbolizing a cleaner future. Another features a plant blooming an electric plug. However, Azerbaijan's significant oil and gas industry isn't part of the event's branding. Diplomats are using a special language at COP29, with terms like UNFCCC and NCQG. They're here to discuss and update plans for reducing emissions and adapting to climate impacts. They'll also figure out how to share funds for dealing with climate disasters. But will COP29 make a real difference? Many top leaders aren't attending. Some countries are upset because rich nations aren't keeping their promises. Azerbaijan's CEO was recorded agreeing to help with fossil fuel deals, which raises questions. Despite these challenges, the hope is that the conference can help countries work together and reduce CO2 emissions.