Global temperatures have climbed about 1.3 degrees Celsius (2.3 F) above pre-industrial levels, and 2024 is on track to be the warmest year on record. Scientists warn that the goal of limiting global warming to 1.5 C (2.7 F) is fast moving out of reach without greater action.

The hosts of the coming UN climate summit said Monday that a hard-fought finance pact for poorer countries must include "hundreds of billions" of doll

The European Union unveiled its negotiating stance for the COP29 climate talks next month, while leaving unanswered the key question of how it will boost funding for poorer countries in their fight against global warming.

The latest draft of a UN climate deal published Tuesday narrows the options for increasing funding to poorer countries, but leaves unresolved the thorny question of how much they should receive. Nations at the COP29 summit in November are aiming for a new finance goal to replace the $100 billion a year that rich countries pledged to help the developing world tackle global warming.