COP29 concludes with $300 billion climate finance deal for developing countries
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, with developing countries feeling the financial package did not adequately address their needs. Azerbaijan's presidency faced criticism for its handling of the talks and its reliance on oil and gas. China's role emerged as significant, as it agreed to contribute to the climate finance fund voluntarily. The presence of former President Trump loomed over discussions, with negotiators concerned about future U.S. participation in climate agreements.