Countries agree on new climate funding deal at UN talks in Baku
At the UN climate talks in Baku, countries reached a new agreement for rich nations to provide at least $300 billion annually by 2035 to support developing countries facing climate change. This amount falls short of the $1.3 trillion requested by poorer nations. The deal replaces a previous commitment of $100 billion per year and aims to help developing countries transition to clean energy and adapt to climate impacts. It encourages collaboration among public and private sectors to increase funding. Despite some optimism, many delegates expressed dissatisfaction with the agreement, citing ongoing geopolitical tensions and a lack of adequate consultation among developing nations during negotiations.