Negotiators at the COP29 climate summit in Baku, Azerbaijan, are facing a pivotal week as discussions over a new global climate finance goal remain stalled. Developing nations are calling for a commitment of at least $1.3 trillion annually to address the impacts of climate change and transition to green energy. However, wealthier nations, while acknowledging the need for increased funding, have yet to propose a specific figure, instead emphasizing the role of private sector investment and a broader contributor base. Observers suggest that while some progress has been made on carbon market rules, the fundamental dispute over 'who pays and how much' threatens to overshadow the summit's final agreement. UN officials have urged world leaders to find common ground, warning that a failure to reach a consensus could undermine global efforts to limit warming to 1.5 degrees Celsius.