Germany accuses Azerbaijan of backing oil and gas hijack of COP29

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Financial Times 11h ago

Germany accuses Azerbaijan of backing oil and gas hijack of COP29 - Financial Times

Quick Summary:

The COP29 presidency team, led by ecology and natural resources minister Mukhtar Babayev, declined to comment.

In New York in September, Saudi Arabia and other oil and gas producers were also accused of trying to block a reference to fossil fuels in the so-called UN Pact for the Future.

In Baku, wealthy western countries are under fire over a proposal for $250bn in climate finance that was branded inadequate and insulting by poorer countries.