The political and regulatory upheaval in the EU and the US has made it an uncertain year for climate finance. Has the world seen progress in meeting the US$300 billion climate finance pledge made at the COP29 climate summit?
The treaty, signed in 1996, expires next year, and there are unresolved issues with regards to water sharing arrangements. Both Bangladesh and India will need to negotiate a more thorough, equitable and climate-resilient deal.