German Chancellor Olaf Scholz will not attend the COP29 climate summit soon to be held in Baku as he struggles with a political crisis at home, exacerbating a European leadership vacuum at this year's talks, Bloomberg writes.

Scholz was scheduled to attend the leaders' summit at the start of the UN climate talks in Azerbaijan next week.

But he canceled that plan to help deal with the fallout from his call for snap elections, according to a source familiar with the matter, the agency writes.

Earlier, the Bild newspaper quoted Wolfgang Schmidt, head of German Federal Chancellor Olaf Scholz's office, as saying that early elections to the German Bundestag (parliament) could be held on March 9, 2025.

Scholz earlier said he would raise a vote of confidence in the Bundestag for the government in early 2025, and early parliamentary elections could be held by the end of March 2025.

On Wednesday, Der Spiegel magazine quoted sources as saying that Scholz had sent Finance Minister Christian Lindner to resign. A coalition committee meeting was held on the evening of Nov. 6, where the partners were trying to find a solution to a dispute over getting the country's economy out of crisis. The reason for the split is disagreements in budgetary, financial and economic policy. Later, the Chancellor himself, speaking with a special statement, said that he proposed to the President of Germany Frank-Walter Steinmeier to dismiss Lindner.

In this regard, the head of the FDP faction in the Bundestag Christian Dürr said that the ministers from the Free Democratic Party of Germany completely withdraw from the ruling coalition. FDP representatives held four posts in the German government: finance minister, justice minister, research and education minister, and transportation minister.

As for the non-participation in the COP 29 in Baku, according to Euronews, the head of the European Commission Ursula von der Leyen, French President Emmanuel Macron and Russian President Vladimir Putin will not go to the climate summit in Azerbaijan.