Baku, 11 November 2024 (dpa/MIA) - Leaders, ministers and other officials from around 200 countries are set to convene at the UN's Climate Change Conference in Azerbaijan on Monday to discuss how to limit global warming and its deadly consequences.

From Monday at 10 am (0800 GMT), the two-week conference in Baku aims to address new financial commitments to poor countries impacted by heatwaves, storms and floods made more frequent by climate change.

Developing countries and environmental organizations are expecting wealthy industrialized countries to mobilize at least $1 trillion annually – 10 times more than the current pledge of $100 billion annually.

To finance this, climate activists are proposing taxing the rich and levies on the extraction of coal, oil and gas.

Non-governmental organizations fear that the summit, known as the Conference of Parties, or COP29, will be overshadowed by Donald Trump's election as US president. After his first election victory in 2016, Trump had already ordered the US to withdraw from the Paris climate agreement.

According to a New York Times report over the weekend, Trump now plans to not only withdraw from the Paris Agreement, but also to move the headquarters of the Environmental Protection Agency (EPA) away from Washington and reduce the size of nature reserves to clear the way for oil drilling and coal mining.

Tens of thousands of government representatives, journalists, activists and political lobbyists are expected in the authoritarian ex-Soviet republic of Azerbaijan, where freedom of the press and expression are severely restricted.

After the first plenary session on Monday at the Olympic Stadium in Baku, speeches by dozens of heads of state and prime ministers are scheduled to follow on Tuesday and Wednesday.