Good morning from Baku. More world leaders are expected to speak at the summit today. Watch out for Italian Prime Minister Giorgia Meloni, who is only one of two G7 leaders attending COP29. The other is British Prime Minister Keir Starmer. seizing the moment quickly Promoting the UK as a global leader on climate.

Today’s newsletter looks at who will actually put forward the money for the likely trillions of dollars in annual climate funding promised at this summit. You can also: read this story — and all our COP29 coverage — is free at: Bloomberg.com.