COP29 at brink of failure due to finance deadlock

Little headway had been achieved in bringing developed and developing countries closer to agreeing to a new global financial target , called the New Collective Quantitative Goal (NCQG), for the moonshot at preventing a runaway rise in global temperatures at UN climate summit in Baku. Some analyst suggest that there has been some progress over the last 24 hours, with a stated commitment  to triple finance flows  through the specialised funds called the Adaptation Fund, the Special Climate fund and LCD.