COP29 approves climate finance plan but highlights divisions and funding frustrations

At COP29 in Baku, a $300 billion climate finance plan was approved to assist developing nations, despite criticism that it is insufficient. The deal was reached amid frustrations over wealthy countries' reluctance to increase funding. The upcoming return of Donald Trump as U.S. president raises concerns about future U.S. commitment to global climate agreements. His previous withdrawal from the Paris Agreement has left uncertainty about the U.S. role in climate negotiations. The summit highlighted divisions between developed and developing nations, with some countries feeling sidelined. The outcome has created challenges for Brazil as it prepares for next year's COP30, with calls for restoring trust in the climate process.