COP29: Global Climate Summit Faces Pressure to Deliver on Climate Finance

The United Nations Climate Change Conference, COP29, is being held in Baku, Azerbaijan, with a focus on climate finance, loss and damage, and the role of fossil fuel-rich nations in addressing climate change. As the host, Azerbaijan, a major oil producer, is under scrutiny for its environmental policies. Delegates from around the world, including the Philippines, are cautiously optimistic but emphasize the need for concrete financial commitments to support vulnerable nations. The conference is seen as a critical moment for advancing global climate action and securing funding for climate-related damages.