Global leaders and climate negotiators are gathering in Baku, Azerbaijan, for the COP29 summit, where the primary objective is to establish a new international climate finance goal. Known as the New Collective Quantified Goal (NCQG), the target aims to replace the previous $100 billion annual commitment to help developing nations transition to green energy and build resilience against climate impacts. While developing countries argue that trillions of dollars are needed to meet Paris Agreement targets, many wealthy nations are advocating for a broader contributor base that includes emerging economies. The summit takes place during a period of significant geopolitical transition, with observers noting that the outcome of the recent U.S. presidential election has introduced uncertainty regarding future American participation in international climate accords. Despite these challenges, UN officials emphasize that climate action remains an economic necessity, citing the rising costs of natural disasters and the falling prices of renewable energy technologies.