Countries at COP29 climate talks agreed to provide $300 billion in annual climate finance by 2035 in a contentious last-minute deal on Sunday.

The agreement, intended to aid poorer countries in coping with climate-related challenges, was criticized for lacking the necessary scope and urgency.

While the deal concluded in Baku, Azerbaijan, in the early hours of Sunday, it marked some progress compared to previous commitments, however, it fell extremely short of the $1.3 trillion demanded by developing nations

Countries at the COP29 summit in Baku adopted a $300 billion a year global finance target on Sunday to help poorer nations cope with the impacts of climate change, a deal its intended recipients...

"At points there was fear the talks would implode, as groups representing vulnerable small island states and the least-developed countries walked out of negotiations Saturday," according to a new report from CNN. But after weeks of international climate talks at COP29, "the world agreed to a new cl...

BAKU, NOVEMBER 24: India on Sunday rejected the new climate finance package of a meagre Rs 25,32,780 crore ($300 billion) annually by 2035 for the Global

November 24, 2024, Baku— Billed as the "Finance COP", the UN climate talks fell short of expectations and needs. The most vulnerable countries, already bearing the brunt of increasingly severe climate impacts were forced to accept a token financial pledge to prevent the collapse of negotiations - a stark reminder of the persistent imbalance in global climate justice.