COP29: What is needed for a deal by November 22 deadline?

Marathon COP29 climate talks near conclusion with focus on new climate finance agreement and finalizing draft texts.

Marathon COP29 climate talks entered their final stretch on Wednesday when the Azerbaijani hosts prepared to publish an update on negotiations so far. The summit’s goal: a new agreement on issues including climate finance.

The talks, which began on November 11, are due to end on Friday at 1400 GMT, but COP summits have a history of running long.

Below is a breakdown of the known sticking points and what happens next:

Officials spent the first week trying to agree deals across a range of different issues including finance, carbon markets, the future of fossil fuels and efforts to mitigate the rise in global temperatures.

Now, the outstanding items have been handed over to ministers so they can use their political clout to try to get agreements across the line.

The next steps are about trying to whittle down draft texts containing a huge range of wording options into a final document that can be adopted by consensus at the end of the summit.

Draft texts will be published periodically by the Azerbaijani presidency as they zero in on an acceptable deal.