Development bank financing pledge gives COP29 summit early boost

President of Azerbaijan Ilham Aliyev attends the Leaders' Summit of The Small Island Developing States on Climate Change at the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024.

COP29 negotiators welcomed as an early boost to the two-week summit a pledge by major development banks to lift funding to poor and middle-income countries struggling with global warming.