Climate negotiators reach $300 billion deal at COP29 but face backlash from developing nations

At the COP29 climate conference in Baku, negotiators reached a last-minute deal for wealthy countries to provide at least $300 billion annually to developing nations by 2035. This amount is significantly lower than the $1.3 trillion that vulnerable countries requested. Developing nations expressed anger over the agreement, calling the funding insufficient for their climate needs. Critics highlighted a lack of trust and collaboration, with some leaders walking out of negotiations in protest. The final agreement also included vague commitments for future funding and did not guarantee that the money would come as grants. Additionally, calls to phase out fossil fuels faced resistance, particularly from oil-rich nations like Saudi Arabia and Azerbaijan.