COP29 climate deal faces backlash from developing nations and New Zealand activists

At the COP29 climate summit in Azerbaijan, a new deal was reached to provide $300 billion annually to help poorer nations address climate change. This replaces a previous commitment of $100 billion, which was only met in 2022. However, many developing countries expressed dissatisfaction, arguing the new target is insufficient. They had requested nearly $2 trillion per year, highlighting a significant gap in expectations between rich and developing nations. New Zealand activists criticized the deal, stating that wealthy countries are still funding fossil fuel companies while failing to cut emissions. They emphasized the need for better access to climate funds for vulnerable nations and called for more domestic emission reductions.