Cop29 climate deal faces backlash over insufficient funding for developing nations
At the Cop29 climate conference in Baku, Azerbaijan, a new financial agreement for developing nations was reached, but it has faced strong criticism. Charities argue the $300 billion package is insufficient compared to the estimated $1 trillion needed annually to combat climate change. Energy Secretary Ed Miliband called the deal "critical," while campaigners described it as a "death sentence for millions." They highlighted the urgent need for more substantial support for countries facing severe climate impacts, such as hurricanes and droughts. The conference extended beyond its planned end as nearly 200 countries negotiated the funding plan. The final text encourages collaboration to reach the original $1 trillion goal by 2035, while also aiming for more ambitious emissions reduction targets.