The main task for nearly 200 countries at the U.N.'s COP29 climate summit is to broker a deal that ensures up to trillions of dollars in financing for climate projects worldwide.

COP29, this year's biggest environmental conference, is now underway. Here is how leaders from around the world are coming together to advance global climate efforts.

When it comes to discussions on climate finance, the amount of money being talked about to help poor nations could be as high as $1.3 trillion a year.

The 2024 summit in Azerbaijan comes amid fresh reports showing that global warming levels are accelerating, bringing more intense climate-related disasters and an increased demand for funding to mitigate and protect communities from the effects of climate change.

"However, we cannot forget the fact that the current climate situation of the world is the result of the industrial policies of (a) few developed countries and developing states shall not be deprived of their right to development because of what others have done.

This year's U.N. climate summit - COP29 - is being held during yet another record-breaking year of higher global temperatures, adding pressure to negotiations aimed at curbing climate change.

A coalition of world leaders from industrialized nations and climate-vulnerable countries at the UN Climate Change Conference in Baku called for more ambitious climate funding on Wednesday. "Trillions of dollars are required.

World Leaders arrive to Climate Action Summit at Cop29 World Leaders arrive to Climate Action Summit at Cop29. Watch more on Independent TV: Like us on Facebook: Follow us on Twitter: Follow us on Instagram: Subscribe to Independent Premium