Climate finance at top of agenda as COP29 opens in Azerbaijan As delegates from all over the world attend the opening of COP29 in Azerbaijan this Monday, we focus on the financial needs of developing economies in their bid to transition to a green economy and build up climate resilience. A leading group of experts has calculated that, excluding China, developing economies will need $2.4 trillion annually by 2030. Also in this edition, we look at what the Trump presidency could mean for the Federal Reserve’s independence.