Despite the growing convergence between water stress and climate finance, water-related finance and investment will continue to lag, exacerbating water stress challenges in many developing countries. Countries facing water challenges are steadily pushing water-related issues into the spotlight of U.N.-led climate negotiations, as will be on full display at this year's Nov. 11-22 U.N. Climate Change Conference (COP29). Azerbaijan, -- a country already facing a high degree of water stress -- will host the conference, and climate negotiators are expected to sign the COP29 Declaration on Water for Climate Action. The declaration will launch the Baku Dialogue on Water for Climate Action, which will convene each year during the annual climate change conference to discuss the intersection of climate change and water-related issues, ensure that water remains a top priority from conference to conference and establish a Water for Climate ambassador position. Additionally, COP29 will center on negotiations over the...
