Heated negotiations on a global climate deal were set to spill into Saturday after developing nations rejected an initial US$250 billion offer from rich countries to help them

The European Union, United States and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to $300 billion (€288bn) per year by 2035, sources told Reuters

A new draft of a global climate agreement released at COP29 in Azerbaijan proposes that developed countries provide $250 billion annually by 2035 to help poorer countries fight global warming.

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: 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

Nov. 22 (UPI) -- A draft finance deal Friday at the U.N. COP29 climate and environment talks proposed wealthy nations give $250 billion a year to poorer nations in climate funding.

Wealthy nations on Friday pledged $250 billion by 2035 to help poorer nations hit hardest by extreme weather events adapt to the challenges of climate change. A number of developing countries have already…

BAKU, Azerbaijan | THE INDEPENDENT | Today marked the final day of COP29, yet many critical negotiation issues remain unresolved. Despite efforts by negotiators to bridge gaps, progress has been limited, and several key matters will require further discussions in upcoming rounds. To address the stalemates, the COP29 President, Mukhtar Babayev convened a dialogue with heads of …

A draft text released Friday from the negotiators at COP29 would demand that wealthy nations give $250 billion a year in climate financing.