The chapter is dedicated to an appraisal of the current state of climate change global negotiations. Such an appraisal requires understanding the evolution of the negotiation process, since its formal inception in 1992 during the Rio Summit, as well as considering the multifaceted implications of the efforts involved in the construction of climate change governance. Further, the international context in which negotiations are being carried out has undergone radical mutations in the last three decades, which have deeply modified the conditions in which the negotiation process is unfolding. The successive efforts to establish a climate regime with a legal form capable of navigating the increasing geo-economic clashes and still deliver a framework that would drive transformations in key global systems (i.e., energy, transport, industry, and food), aimed at collectively bending the curve of GHG emissions, demonstrate the political will to work cooperatively despite the intractable quest for dominance and unchallenged power in a world in heightened conflict. Presently, discourses of delay to justify inaction or legitimize scant efforts by nations, economic agents, and even societies, loom again because emissions are still rising after three decades of drawn-out negotiations while the political landscape is even more complex. However, the rate of growth of emissions has recently slowed. When working towards a positive narrative to accelerate action, it is worth acknowledging that efforts to mitigate climate change have been able to diminish emissions if compared to a world without climate policies and that a fair, robust, and effective climate regime is essential to challenge the status quo and overcome climate change.