COP29 climate talks conclude with $300 billion annual finance deal for developing nations
The COP29 climate talks concluded with a deal for $300 billion in annual climate finance for developing countries by 2035. However, many delegates from these nations criticized the amount as insufficient, expressing frustration over the last-minute negotiations by wealthier countries. The conference highlighted the ongoing divide between rich and poor nations. While the new funding represents an increase from the previous $100 billion, developing countries argued it was a mix of grants and loans, failing to meet their needs. China's role emerged as significant, as it agreed to contribute to the climate finance fund voluntarily. The talks also saw increased activism from environmental groups, raising questions about the future dynamics of climate negotiations.