A new proposal was soundly criticized, especially by African nations and small island states

Wealthy countries raised their offer of climate finance to $300 billion a year at COP29 on Saturday, raising hopes of a deal with developing nations that had dismissed an earlier proposal as insufficient to address the impacts of global warming. The U.N. climate summit had been due to finish on…

WEALTHY countries raised their offer of climate finance to $300 billion a year at COP29 on Saturday, raising hopes of a deal with developing nations t...

Fierce bargaining at UN climate talks in Azerbaijan dragged into Saturday after a $250 billion a year offer from rich nations was flatly refused by developing countries hardest hit by Earth's rapid warming.

BAKU: Countries at the COP29 summit in Baku adopted a US$300 billion global finance target to help poorer nations cope with the impacts of climate change, a deal roundly criticised by its int

BAKU: The European Union on Saturday (Nov 23) raised an offer by rich nations to help poor countries worst hit by climate change to US$300 billion a year in a bid to salvage talks that the developing world warned were on the brink of collapse. Negotiators worked through the night in a windowless sport

New U.N. climate rules allow wealthy nations to buy carbon offsets, raising concerns about greenwashing and transparency issues.

Developing nations are seeking $1.3 trillion to adapt to and recover from climate impacts, and transition to clean energy.

As delegates from all over the world attend the opening of COP29 in Azerbaijan this Monday, we focus on the financial needs of developing economies in their bid to transition to a green economy and build…

Rich countries negotiating support for developing countries at the climate summit in Baku are prepared to pay 300 billion dollars a year in climate aid from 2035, sources told Reuters news agency. An earlier proposal mentioned 250 billion dollars a year, an amount that poor countries said was far too low.

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.

A new draft of a deal on cash to curb and adapt to climate change released Friday at the United Nations climate summit pledged $250 billion annually by 2035 from wealthy countries to poorer ones. The amount pleases the countries who will be paying, but not those on the receiving end.

This decision, taken during extra time at the COP29 conference, is a major step forward in a thorny debate that has dragged through climate talks for years.