UN climate chief addresses climate summit with no agreement in sight on how to help developing countries

Countries meeting in Azerbaijan to discuss a new global financial settlement for tackling the climate crisis must “cut the theatrics” and get down to serious business, the UN has warned.

The UK and Brazil have been drafted in to try to break a logjam at the Cop29 climate summit, which entered its second week on Monday with no agreement in sight on the key issue of how to channel at least $1tn a year to developing countries.