Negotiators at the COP29 climate summit in Baku are entering the final days of discussions with significant divisions remaining over a new global finance target. Developing nations are calling for at least $1.3 trillion annually to address climate change impacts and transition to clean energy. However, wealthier nations, while acknowledging the need for increased funding, have yet to commit to a specific figure, citing domestic budget constraints and the need for a broader contributor base that includes emerging economies like China. Observers suggest that while progress has been made on technical frameworks, the core dispute over 'who pays and how much' remains the primary hurdle to a final agreement. UN officials have urged parties to find common ground to avoid a collapse of the talks, emphasizing that the outcome will set the trajectory for global climate action over the next decade.