As COP29 president Mukhtar Babayev outlines climate plans for the upcoming negotiations during the Petersberg Climate Dialogue in Berlin, Azerbaijan president Ilham Aliyev said at the same event that it won’t stop investing in oil and gas.
The UK government has reclassified nearly £500m of aid for war-torn and impoverished countries as “climate finance”, in a bid to meet its international commitments under the Paris Agreement.
The World Bank and International Monetary Fund (IMF) held their spring meetings last week in Washington DC – a key event in a critical year for international climate finance.