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.

Wealthy nations on Friday offered $250 billion a year to help poorer nations hit hardest by global warming but faced immediate calls led by Africa to give more as UN climate negotiations extended into ...

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…

Canada's environment and climate change minister was critical of Azerbaijani leadership at the United Nations climate summit as tense negotiations on a new finance deal came down to the wire.

COP29 Baku climate talks: Developed countries offer no more than $250 billion by 2035 as the New Collective Quantified Goal for Climate Finance despite acknowledging that at least $700 billion would be needed until 2030 to help developing countries

The seemingly complex process of climate finance however, has one singular aim. Which the UNFCCC executive secretary Simon Stiell expressed eloquently. He said, “in all this talk of numbers among the many acronyms let's not lose sight of what's really at stake. Cleaner air across the world's megacities. Commuters no longer choking as they make their way to work and their return back home. Households who can sleep soundly knowing a flood or storm will not wash away everything they hold dear. Stopping the devastation and damage, improving lives and livelihoods and building a better world for everyone.”

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…

Mr Guterres said there is a need for a major push to get discussions over the finishing line to deliver an ambitious and balanced package on all pending issues, with a new finance goal at its heart.