Delegates at the COP29 climate summit in Baku are entering the final scheduled hours of negotiations as significant divisions remain over a new global climate finance target. Developing nations have proposed a goal of $1.3 trillion annually by 2030, arguing that substantial public funding is essential to meet Paris Agreement targets and transition to green energy. In contrast, wealthier nations have expressed caution regarding the scale of public commitments, instead pushing for a broader contributor base that includes emerging economies and a heavier reliance on private sector investment. While some progress has been reported on technical carbon market regulations, climate advocates warn that a failure to secure a robust financial agreement could stall international momentum. UN officials have urged leaders to bridge their differences, emphasizing that a compromise is necessary to maintain the credibility of global climate action frameworks.