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COP29 negotiators near agreement on $300 billion climate finance deal

newstalkzb.co.nz — November 23, 2024, 11:01 PM UTC

At the COP29 climate summit in Baku, negotiators are finalizing a contentious deal for wealthy nations to provide at least $300 billion annually to poorer countries by 2035. This is an increase from the current $100 billion commitment but falls short of the $500 billion demanded by developing nations. Tensions escalated when small island states and impoverished countries walked out of a meeting, claiming their concerns were ignored. The final draft was described as a "take it or leave it" proposal, with some countries expressing disappointment over the insufficient funding. The deal also aims for a broader target of $1.3 trillion per year to address climate change, primarily from private sources. The negotiations have faced challenges, including disagreements over fossil fuel phase-out language, particularly influenced by Saudi Arabia's stance.

With a significance score of 5.7, this news ranks in the top 1% of today's 12900 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 8000 minimalists.

Timeline:

  1. [4.8]
    Countries agree on new carbon market rules at COP29 to boost climate efforts (theguardian.com)
    1h
    Source
  2. [4.8]
    Countries establish new carbon trading rules at Cop29 to support climate goals (news.yahoo.com)
    1h
    Source
  3. [4.2]
    COP29 in Azerbaijan agrees on $300 billion climate finance but faces criticism from developing nations (rappler.com)
    2h
    Source
  4. [6.0]
    Developing nations criticize $300 billion climate deal at UN summit in Azerbaijan (news.yahoo.com)
    3h

    ScoresSource
  5. [4.7]
    Developing nations criticize $300 billion climate finance deal at COP29 summit (brecorder.com)
    3h
    Source
  6. [6.3]
    Cop29 reaches climate finance deal but campaigners call it a betrayal (irishtimes.com)
    3h

    ScoresSource
  7. [4.5]
    India rejects $300 billion climate finance deal at COP29 summit (ndtv.com)
    4h
    Source
  8. [4.4]
    COP29 establishes carbon credit trading scheme amid criticism of effectiveness (rnz.co.nz)
    4h
    Source
  9. [4.9]
    COP29 climate talks in Azerbaijan secure $300 billion annual finance deal and global carbon trading rules (theconversation.com)
    5h
    Source
  10. [5.5]
    Ed Miliband announces $300 billion climate deal at Cop29 in Azerbaijan (standard.co.uk)
    6h

    ScoresSource
  11. [3.8]
    COP29 climate talks conclude with $300 billion finance deal and carbon trading rules (home.nzcity.co.nz)
    6h
    Source
  12. [5.1]
    COP29 climate summit in Baku extends negotiations over funding gap for developing nations (dawn.com)
    7h

    ScoresSource
  13. [4.9]
    India rejects climate finance decision at COP29, advocates for Global South (hindustantimes.com)
    7h
    Source
  14. [5.3]
    Developed nations pledge $300 billion for climate aid but developing countries express disappointment (firstpost.com)
    7h

    ScoresSource
  15. [5.9]
    Developing nations criticize $300 billion climate deal at COP29 summit in Azerbaijan (thehindu.com)
    8h

    ScoresSource
  16. [5.7]
    Wealthy nations commit $300 billion annually to support poorer countries in climate crisis response at COP29 (cnn.com)
    8h

    ScoresSource
  17. [3.9]
    COP29 climate summit in Azerbaijan sets $300 billion annual finance goal by 2035 (gazette.com)
    8h
    Source
  18. [4.3]
    India rejects $300 billion climate finance package at COP29 in Azerbaijan (zeenews.india.com)
    8h
    Source
  19. [5.0]
    COP29 climate summit in Azerbaijan sets $300 billion annual climate finance target by 2035 (reuters.com)
    8h

    ScoresSource
  20. [4.8]
    India rejects $300 billion climate finance package as inadequate for developing nations (timesnownews.com)
    8h
    Source
  21. [5.1]
    COP29 secures $300 billion climate finance deal for developing countries but falls short of $1.3 trillion goal (forbes.com)
    8h

    ScoresSource
  22. [5.3]
    Negotiators fail to finalize climate finance goal at Baku conference (dawn.com)
    8h

    ScoresSource
  23. [5.2]
    Developing nations criticize Cop29 climate deal as inadequate for their needs (scmp.com)
    9h

    ScoresSource
  24. [5.5]
    Cop29 reaches $300 billion climate finance deal but developing nations call it inadequate (timesofindia.indiatimes.com)
    9h

    ScoresSource
  25. [5.7]
    Wealthy nations pledge $300 billion annually by 2035 to support Global South in climate fight (livemint.com)
    9h

    ScoresSource
  26. [4.2]
    COP29 climate summit in Azerbaijan sets $300 billion annual finance target by 2035 (news.yahoo.com)
    9h
    Source
  27. [5.9]
    Cop29 reaches $300 billion climate finance deal as developing nations call it inadequate (economictimes.indiatimes.com)
    9h

    ScoresSource
  28. [5.8]
    Developing nations criticize $300 billion climate deal as inadequate (sg.news.yahoo.com)
    10h

    ScoresSource
  29. [3.8]
    Nearly 200 nations agree on £240 billion climate finance deal at COP29 summit in Azerbaijan (dailymail.co.uk)
    10h
    Source
  30. [5.5]
    India rejects climate finance package citing insufficient funds for developing nations (economictimes.indiatimes.com)
    10h

    ScoresSource
  31. [5.5]
    Richer nations pledge $300 billion to support climate action in developing countries at COP29 (bbc.com)
    10h

    ScoresSource
  32. [5.8]
    Nations agree to $300 billion annual climate fund for developing countries at UN talks (triblive.com)
    10h

    ScoresSource
  33. [5.6]
    Wealthy nations pledge $300 billion annually to support developing countries in climate fight (newsweek.com)
    10h

    ScoresSource
  34. [6.1]
    Countries agree on new climate funding deal at UN talks in Baku (thestar.com)
    11h

    ScoresSource
  35. [6.0]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (wmur.com)
    11h

    ScoresSource
  36. [5.9]
    Nations agree to $300 billion annual funding for developing countries at COP29 (cbsnews.com)
    11h

    ScoresSource
  37. [5.9]
    Climate negotiators reach $300 billion deal at COP29 but face backlash from developing nations (npr.org)
    11h

    ScoresSource
  38. [5.7]
    Countries agree to $460 billion climate finance deal at COP29 conference (smh.com.au)
    11h

    ScoresSource
  39. [5.8]
    Countries agree to $300 billion annual climate fund for developing nations (inquirer.net)
    11h

    ScoresSource
  40. [6.2]
    UN climate talks secure $300 billion annual deal to aid developing nations (thestar.com)
    11h

    ScoresSource
  41. [5.7]
    UN climate talks reach $300 billion annual funding deal for developing nations (gazette.com)
    11h

    ScoresSource
  42. [5.8]
    Countries reach $1.3 trillion climate finance deal at Cop29 but face backlash from campaigners (theguardian.com)
    11h

    ScoresSource
  43. [6.1]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (wcvb.com)
    11h

    ScoresSource
  44. [6.2]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (kcra.com)
    11h

    ScoresSource
  45. [5.5]
    Nations agree to $300 billion annual climate fund for developing countries at COP29 (time.com)
    11h

    ScoresSource
  46. [5.1]
    COP29 concludes with climate finance deal to boost funding for developing nations (japantimes.co.jp)
    12h

    ScoresSource
  47. [5.7]
    World reaches $300 billion climate deal for developing countries at COP29 (dw.com)
    12h

    ScoresSource
  48. [5.7]
    Developed countries agree to $300 billion climate finance deal at COP29 (dw.com)
    12h

    ScoresSource
  49. [5.6]
    Climate summit approves $300 billion financing deal for climate support (politico.eu)
    12h

    ScoresSource
  50. [5.8]
    COP29 nations agree on $460 billion annual climate funding deal for developing countries (abc.net.au)
    12h

    ScoresSource
  51. [5.9]
    COP29 reaches $300 billion annual deal to support developing countries in climate fight (cbc.ca)
    12h

    ScoresSource
  52. [4.8]
    COP29 concludes with $300 billion annual climate finance deal for developing nations (euronews.com)
    12h
    Source
  53. [6.3]
    Nations agree on $300 billion annual climate funding for developing countries at UN talks (apnews.com)
    12h

    ScoresSource
  54. [5.3]
    COP29 reaches $300 billion climate finance agreement to aid developing nations (rnz.co.nz)
    12h

    ScoresSource
  55. [5.6]
    COP29 concludes with agreement on $300 billion climate funding target (dw.com)
    12h

    ScoresSource
  56. [4.9]
    COP29 reaches $300 billion climate finance deal to support developing nations (news.yahoo.com)
    12h
    Source
  57. [4.2]
    Disputes over climate finance stall progress at COP29 conference (thehindu.com)
    12h
    Source
  58. [4.5]
    Countries reach US$300 billion climate finance deal at Cop29 in Azerbaijan (scmp.com)
    12h
    Source
  59. [5.4]
    Rich nations boost climate finance offer to $300 billion by 2035 at COP29 (nbcnews.com)
    12h

    ScoresSource
  60. [4.9]
    Countries agree to $300 billion climate finance target at COP29 in Azerbaijan (rappler.com)
    12h
    Source
  61. [5.6]
    Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
    13h

    ScoresSource
  62. [5.9]
    UN climate talks prepare to vote on $300 billion funding package for developing nations (chicagotribune.com)
    13h

    ScoresSource
  63. [6.1]
    Developed nations propose $300 billion annual climate finance for Global South by 2035 (thehindu.com)
    13h

    ScoresSource
  64. [5.7]
    COP29 negotiators near agreement on $300 billion climate finance deal (newstalkzb.co.nz)
    13h

    ScoresSource
  65. [5.2]
    COP29 proposes $300 billion annual climate finance deal for developing nations (gazette.com)
    13h

    ScoresSource
  66. [5.5]
    UN climate talks extend as negotiators seek $300 billion funding deal for developing nations (globalnews.ca)
    13h

    ScoresSource
  67. [3.4]
    COP29 adopts carbon market rules as vulnerable nations seek increased climate finance (climatechangenews.com)
    14h
    Source
  68. [5.2]
    Dozens of nations walk out of COP29 climate talks over funding dispute in Baku (bbc.com)
    14h

    ScoresSource
  69. [5.6]
    Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
    15h

    ScoresSource
  70. [6.0]
    Rich nations boost climate finance offer to $300 billion at COP29 (odt.co.nz)
    15h

    ScoresSource
  71. [4.7]
    Countries agree on carbon credit market rules at COP29 in Baku (ft.com)
    15h
    Source
  72. [4.8]
    UN climate talks falter as developing nations reject proposed $300 billion deal (pressherald.com)
    16h
    Source
  73. [4.7]
    Countries fail to reach climate finance deal at COP29 after extended negotiations (economictimes.indiatimes.com)
    16h
    Source
  74. [4.9]
    U.N. approves new carbon trading rules at COP29 climate talks (thehindu.com)
    16h
    Source
  75. [4.9]
    U.N. climate talks face divisions as developing nations reject funding plan in Baku (latimes.com)
    16h
    Source
  76. [5.4]
    Rich nations boost climate finance offer to $300 billion at COP29 to seek agreement (rnz.co.nz)
    16h

    ScoresSource
  77. [4.6]
    Hope rises for funding deal at UN climate talks despite ongoing opposition (gazette.com)
    16h
    Source
  78. [5.3]
    Wealthy nations boost climate finance offer to $300 billion at COP29 talks (news.yahoo.com)
    16h

    ScoresSource
  79. [4.3]
    COP29 negotiations face challenges as talks extend beyond deadline (standard.co.uk)
    16h
    Source
  80. [5.5]
    UN climate talks falter as developing nations reject draft deal for financial support (castanet.net)
    16h

    ScoresSource
  81. [4.3]
    Countries adopt UN carbon trading rules at COP29 (sg.news.yahoo.com)
    17h
    Source
  82. [4.9]
    Vulnerable nations walk out of COP29 climate talks as key ministers leave negotiations (newsroom.co.nz)
    17h
    Source
  83. [4.5]
    COP29 establishes global carbon credit trading market (gazette.com)
    17h
    Source
  84. [4.6]
    COP29 establishes rules for global carbon credit trading market (news.yahoo.com)
    18h
    Source
  85. [3.1]
    Saudi Arabia faces accusations of altering COP29 negotiating text as tensions rise (firstpost.com)
    18h
    Source
  86. [4.3]
    Countries negotiate extended climate finance targets at COP29 summit (reuters.com)
    18h
    Source
  87. [4.6]
    Wealthy nations boost climate finance offer to $300 billion at COP29 in Azerbaijan (geo.tv)
    18h
    Source
  88. [5.3]
    UN climate summit faces crisis as vulnerable nations walk out of finance talks (ft.com)
    19h

    ScoresSource
  89. [4.7]
    COP29 negotiations falter as small island nations exit talks over climate finance concerns (independent.co.uk)
    19h
    Source
  90. [4.6]
    Developing nations walk out of COP29 climate talks over funding disputes (thejournal.ie)
    19h
    Source
  91. [4.9]
    Developing nations reject climate finance draft at COP29 as negotiations stall (time.com)
    19h
    Source
  92. [5.3]
    Tensions rise at Cop29 climate talks in Baku as developing nations walk out over finance disputes (irishtimes.com)
    19h

    ScoresSource
  93. [4.7]
    Developing nations walk out of UN climate talks over finance disputes in Baku (aljazeera.com)
    19h
    Source
  94. [4.2]
    Climate-vulnerable nations exit COP29 talks over funding disputes (news.sky.com)
    21h
    Source
  95. [5.1]
    UN climate talks falter as developing nations reject draft deal for financial support (gazette.com)
    21h

    ScoresSource
  96. [3.7]
    Saudi Arabia faces accusations of altering Cop29 negotiating text, raising summit concerns (theguardian.com)
    21h
    Source
  97. [5.5]
    Wealthy nations boost climate finance offer to $300 billion at COP29 (economictimes.indiatimes.com)
    21h

    ScoresSource
  98. [5.4]
    Climate vulnerable nations walk out of COP29 talks in Azerbaijan (dw.com)
    21h

    ScoresSource
  99. [5.5]
    Developing nations reject climate financing draft at UN talks as tensions rise (regina.ctvnews.ca)
    21h

    ScoresSource
  100. [5.4]
    Leaked climate finance draft at COP29 sparks outrage among developing nations (hindustantimes.com)
    22h

    ScoresSource
  101. [5.7]
    Wealthy nations propose $300 billion climate deal for poorer countries at COP29 (politico.eu)
    22h

    ScoresSource
  102. [5.1]
    Developing nations express disappointment over climate funding deal at COP29 (scmp.com)
    24h

    ScoresSource
  103. [4.6]
    UN climate talks in Baku extend as negotiators seek financial deal for developing nations (gazette.com)
    24h
    Source
  104. [5.1]
    Negotiators extend UN climate talks in Baku to secure funding for developing nations (independent.co.uk)
    1d 1h

    ScoresSource
  105. [4.5]
    Negotiations at Cop29 in Baku extend as climate finance deal remains unresolved (news.yahoo.com)
    1d 2h
    Source
  106. [5.4]
    COP29 in Azerbaijan struggles to reach climate finance deal as key leaders miss conference (nbcnews.com)
    1d 2h

    ScoresSource
  107. [4.7]
    Wealthy nations agree to raise climate finance target to $300 billion by 2035 at COP29 (geo.tv)
    1d 2h
    Source
  108. [5.7]
    Developing countries reject new climate finance proposal as insufficient (dawn.com)
    1d 3h

    ScoresSource
  109. [4.9]
    US and EU support new $300 billion annual climate finance target at COP29 (livemint.com)
    1d 3h
    Source
  110. [6.3]
    Wealthy countries agree to boost climate finance to $300 billion annually at UN talks (theguardian.com)
    1d 3h

    ScoresSource
  111. [6.0]
    Wealthy countries agree to boost climate finance offer to $300 billion annually at UN talks (news.yahoo.com)
    1d 4h

    ScoresSource
  112. [3.8]
    Frustration grows over climate progress as COP29 in Baku highlights funding and fossil fuel concerns (euronews.com)
    1d 5h
    Source
  113. [5.2]
    Wealthy nations agree to raise climate finance target to $300 billion at COP29 (gazette.com)
    1d 5h

    ScoresSource
  114. [5.6]
    Wealthy nations agree to raise climate finance target to $300 billion at COP29 (news.yahoo.com)
    1d 5h

    ScoresSource
  115. [5.4]
    COP29 negotiations stall on climate finance for developing nations (economictimes.indiatimes.com)
    1d 6h

    ScoresSource
  116. [3.9]
    COP29 climate finance talks stall as developing nations reject funding proposal (hindustantimes.com)
    1d 6h
    Source
  117. [5.2]
    Negotiators extend UN climate talks in Baku to secure funding for developing nations (gazette.com)
    1d 7h

    ScoresSource
  118. [5.7]
    Negotiators extend talks in Baku to secure climate funding for developing nations (clickondetroit.com)
    1d 7h

    ScoresSource
  119. [5.7]
    Negotiators extend talks in Baku to secure climate funding for developing nations (abcnews.go.com)
    1d 7h

    ScoresSource
  120. [4.4]
    Civil society protests climate finance proposal at COP29 summit (thehindu.com)
    1d 8h
    Source
  121. [5.6]
    Developing countries reject climate finance offer as Pakistan calls for regional cooperation (dawn.com)
    1d 8h

    ScoresSource
  122. [3.8]
    COP29 negotiations extend as climate finance disagreements persist (timesofindia.indiatimes.com)
    1d 8h
    Source
  123. [5.1]
    COP29 sets $1.3 trillion climate finance goal but raises concerns over funding clarity (livemint.com)
    1d 10h

    ScoresSource
  124. [5.1]
    COP29 climate summit extends as $385 billion funding deal faces challenges (abc.net.au)
    1d 13h

    ScoresSource
  125. [5.3]
    UN climate summit draft reveals funding gap between rich and developing nations (newsweek.com)
    1d 13h

    ScoresSource
  126. [5.6]
    Draft deal at COP29 calls for $250 billion in annual climate finance from wealthy nations (ndtv.com)
    1d 14h

    ScoresSource
  127. [4.8]
    COP29 negotiator says $250 billion funding target needs improvement (news.yahoo.com)
    1d 15h
    Source
  128. [6.4]
    Draft deal at COP29 calls for rich nations to commit $250 billion annually by 2035 (economictimes.indiatimes.com)
    1d 15h

    ScoresSource
  129. [4.9]
    Developing countries urged to reject insufficient climate finance proposal at Cop29 (theguardian.com)
    1d 16h
    Source
  130. [6.4]
    Developing nations criticize COP29 climate finance proposal as inadequate (ft.com)
    1d 16h

    ScoresSource
  131. [4.5]
    COP29 talks extended as developing nations reject $250 billion climate finance offer (hindustantimes.com)
    1d 16h
    Source
  132. [4.3]
    COP29 summit in Baku extends as climate finance negotiations stall (newsroom.co.nz)
    1d 17h
    Source
  133. [4.9]
    Baku climate talks extend as developing nations reject funding proposal (thehindu.com)
    1d 19h
    Source
  134. [4.7]
    Developing countries criticize $250 billion climate finance offer at COP29 (firstpost.com)
    1d 19h
    Source
  135. [5.5]
    Time running out for climate finance deal at COP29 as Canada calls for more support (globalnews.ca)
    1d 19h

    ScoresSource
  136. [5.7]
    Draft climate funding deal at UN summit reveals divide between rich and poor nations (triblive.com)
    1d 21h

    ScoresSource
  137. [4.9]
    UN climate talks in Azerbaijan extend as nations debate funding and fossil fuel policies (theguardian.com)
    1d 21h
    Source
  138. [5.4]
    UN climate summit proposes $250 billion deal for developing nations by 2035 (gazette.com)
    1d 22h

    ScoresSource
  139. [5.7]
    Developing nations criticize $250 billion climate finance offer at Cop29 summit (theguardian.com)
    1d 22h

    ScoresSource
  140. [4.9]
    Azerbaijan sets $250 billion annual climate finance target at COP29 (euronews.com)
    1d 23h
    Source
  141. [5.8]
    COP29 draft agreement proposes $250 billion climate finance goal, disappointing developing nations (dw.com)
    1d 23h

    ScoresSource