COP29, this year’s UN Climate Conference, is being called the “climate finance COP”, because delegates are expected to sign off on a beefed-up funding target to replace the existing $100 billion per year commitment. The final figure the negotiators arrive at remains to be seen and it could be anywhere from a few hundred billion, to over a trillion dollars per year.

On this episode of The Lid Is On, we explain what has been achieved so far, and why the deal gavelled through on carbon markets is important. We also find out what the UN is doing to prevent the rush for the minerals needed for the climate transition turning into a “stampede for greed.’

• Correspondents in Baku: Nazrin Babayeva and Lara Palmisano.
• Music by Joachim Harris (all rights reserved)
• UN News coverage of COP29: https://news.un.org/en/events/cop29