Outcry after draft text contains only an ‘X’ instead of setting $1tn funding goal to support developing countries

• Cop29 climate summit – live updates

Hopes of a breakthrough at the deadlocked UN climate talks have been dashed after a new draft of a possible deal was condemned by rich and poor countries.

Faith in the ability of the Azerbaijan presidency to produce a deal ebbed on Thursday morning, as the draft texts were criticised as inadequate and providing no “landing ground” for a compromise.