COP29 negotiators agree on funding deal for poor nations facing climate crises

Nov. 23 (UPI) -- United Nations climate negotiators agreed on a funding formula to help developing countries cope with the effects of climate change early Sunday in Azerbaijan after two weeks of intense negotiations.

In a compromise reached after the COP29 climate conference in Baku ran well past its Friday adjournment deadline, wealthy countries pledged to provide at least $300 billion a year to the global fight against climate change, the UN announced.

Advertisement