Cop29 climate deal faces backlash over funding shortfall for developing nations

At the Cop29 climate conference in Baku, Azerbaijan, a $300 billion financial package for developing nations was announced to address climate change. This amount is significantly less than the $1.3 trillion requested by these countries but exceeds the previous $100 billion annual deal from 2009. Charities criticized the agreement, calling it "woefully inadequate." Christian Aid and WaterAid described the funding as insufficient for urgent needs, with WaterAid labeling it a "death sentence for millions" facing climate impacts like floods and droughts. While some leaders, including US President Joe Biden, acknowledged the challenges ahead, they framed the deal as a step forward. The conference extended beyond its scheduled end as nearly 200 countries worked to finalize a climate funding plan for the next decade.