Developed nations agree to $300 billion climate deal at COP29, facing backlash from India and others

firstpost.com — November 25, 2024, 06:01 AM UTC

At COP29 in Baku, Azerbaijan, developed nations agreed to provide $300 billion annually to developing countries for climate finance starting in 2035. This amount is an increase from the current $100 billion but falls short of the $1.3 trillion that developing nations requested. India and several other developing countries have rejected the deal, calling the funding "abysmally poor" and insufficient to meet their climate needs. Indian negotiator Chandni Raina criticized the agreement as an "optical illusion" that does not address the challenges posed by climate change. The agreement faced backlash from various nations, including Nigeria and Malawi, which expressed disappointment over the inadequate funding. Despite the criticism, developed nations defended the deal, stating it marks a new chapter in climate finance.

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Timeline:

[5.5]
COP29 concludes with $300 billion annual climate funding deal for developing nations (euronews.com)
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[6.0]
UN climate summit in Baku agrees to boost funding for developing countries to $300 billion by 2035 (buffalonews.com)
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[4.8]
COP29 approves climate finance plan but highlights divisions and funding frustrations (thehindu.com)
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[4.7]
India opposes new climate finance goal at COP29 in Azerbaijan (businesstoday.in)
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[4.4]
COP29 negotiators reach carbon trading agreement but face criticism over flaws (theconversation.com)
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[4.5]
COP29 approves new rules for international carbon trading in Baku (timesofindia.indiatimes.com)
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[4.9]
COP29 approves $300 billion climate finance plan despite criticism and tensions (gazette.com)
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[4.9]
Business seeks clarity on climate finance and carbon trading after COP29 agreements (reuters.com)
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[5.0]
Developed nations agree to $300 billion climate deal at COP29, facing backlash from India and others (firstpost.com)
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[4.3]
Countries set $300 billion climate finance target at COP29 but face challenges (gazette.com)
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COP29 sets climate finance goal at $300 billion but developing nations call it inadequate (dawn.com)
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[4.7]
Pacific advocates criticize COP29 for failing to support vulnerable island nations (rnz.co.nz)
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[4.2]
India rejects climate finance deal at COP29, citing Global South concerns (timesofindia.indiatimes.com)
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[6.0]
Countries agree on new climate funding deal to support developing nations (oregonlive.com)
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COP29 negotiators reach $300 billion climate funding deal after tense talks (livemint.com)
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Developing nations call $300 billion climate finance deal insufficient at COP29 in Baku (geo.tv)
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[4.5]
Cop29 climate talks in Azerbaijan set new finance target and carbon trading rules (thespinoff.co.nz)
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[4.5]
Wealthy nations agree to $300 billion climate aid deal at COP29 but exclude China (dailymail.co.uk)
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Wealthy nations agree to boost climate aid at COP29 but face criticism from developing countries (dailymail.co.uk)
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COP29 agrees to $300 billion climate finance target but India expresses disappointment (indianexpress.com)
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COP29 climate deal faces backlash from developing nations and New Zealand activists (rnz.co.nz)
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EU president's absence at COP29 raises questions about climate commitment (express.co.uk)
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Wealthy nations commit $300 billion for climate finance at COP29 but face criticism for inadequacy (irishtimes.com)
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Rich countries pledge $300 billion for climate finance by 2035 at COP29 in Baku (sg.news.yahoo.com)
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Countries agree on new climate funding deal at UN talks in Baku (chicagotribune.com)
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India criticizes COP29 climate finance deal as inadequate for developing nations (economictimes.indiatimes.com)
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COP29 sets $300 billion climate finance target for developing nations by 2035 (economictimes.indiatimes.com)
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Cop29 climate deal faces backlash over insufficient funding for developing nations (news.yahoo.com)
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New Zealand faces potential funding increase as COP29 sets climate finance target (odt.co.nz)
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Countries reach funding agreement to support climate action for developing nations (castanet.net)
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Developing nations criticize $300 billion climate finance deal at COP29 as inadequate (dawn.com)
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Critics slam Cop29 climate finance deal as inadequate for developing nations (theguardian.com)
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COP 29 climate talks in Baku conclude with limited progress (economist.com)
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New Zealand faces increased climate finance obligations under new COP29 agreement (rnz.co.nz)
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[6.0]
COP29 reaches $300 billion climate finance deal but developing nations seek more support (irishtimes.com)
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[4.8]
Developed countries set low climate finance goal at COP29, disappointing many (newsroom.co.nz)
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[4.3]
COP29 climate summit faces backlash over inadequate agreements and absent leaders (news.yahoo.com)
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[4.3]
India rejects COP29 climate finance deal, calls $300 billion pledge inadequate (timesofindia.indiatimes.com)
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[5.2]
COP29 in Baku falls short on climate finance for developing nations (livemint.com)
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[4.5]
COP29 talks in Baku fail to secure strong climate finance agreement (thehindu.com)
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[5.1]
COP29 in Baku sets new climate finance goal but developing nations express disappointment (hindustantimes.com)
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[5.9]
COP29 concludes with $300 billion climate finance deal for developing countries (bbc.com)
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Cop29 climate deal faces backlash over funding shortfall for developing nations (independent.co.uk)
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[5.6]
COP29 climate talks conclude with $300 billion annual finance deal for developing nations (news.yahoo.com)
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[5.6]
Wealthy nations pledge $300 billion for climate support at Cop 29 but face criticism over fossil fuel plans (irishtimes.com)
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[5.6]
Eamon Ryan praises COP29 climate finance deal despite criticism from activists (rte.ie)
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[4.9]
Activists criticize Cop29 climate finance deal as inadequate for developing nations (standard.co.uk)
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Greenpeace criticizes $300 billion climate finance deal at Cop29 as inadequate (news.yahoo.com)
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Developing countries criticize Cop29 climate finance deal as insufficient for urgent needs (irishtimes.com)
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Greenpeace criticizes Cop29 climate finance deal as inadequate (standard.co.uk)
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Rich nations struggle to commit to climate finance at COP29 in Baku (frontline.thehindu.com)
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[4.4]
Developing nations reject COP29 climate deal as inadequate funding falls short (forbes.com)
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[4.8]
Countries agree on new carbon market rules at COP29 to boost climate efforts (theguardian.com)
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Countries establish new carbon trading rules at Cop29 to support climate goals (news.yahoo.com)
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[4.5]
Irish climate minister calls COP29 deal a necessary step for future action (standard.co.uk)
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[4.0]
COP29 highlights uncertainty in climate action as Trump era approaches (politico.eu)
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COP29 in Azerbaijan agrees on $300 billion climate finance but faces criticism from developing nations (rappler.com)
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[6.0]
Developing nations criticize $300 billion climate deal at UN summit in Azerbaijan (news.yahoo.com)
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Cop29 reaches climate finance deal but campaigners call it a betrayal (irishtimes.com)
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[4.7]
Developing nations criticize $300 billion climate finance deal at COP29 summit (brecorder.com)
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[4.5]
India rejects $300 billion climate finance deal at COP29 summit (ndtv.com)
1d 1h
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[4.4]
COP29 establishes carbon credit trading scheme amid criticism of effectiveness (rnz.co.nz)
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[4.9]
COP29 climate talks in Azerbaijan secure $300 billion annual finance deal and global carbon trading rules (theconversation.com)
1d 2h
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[5.5]
Ed Miliband announces $300 billion climate deal at Cop29 in Azerbaijan (standard.co.uk)
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COP29 climate talks conclude with $300 billion finance deal and carbon trading rules (home.nzcity.co.nz)
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[5.3]
Developed nations pledge $300 billion for climate aid but developing countries express disappointment (firstpost.com)
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[5.1]
COP29 climate summit in Baku extends negotiations over funding gap for developing nations (dawn.com)
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[4.9]
India rejects climate finance decision at COP29, advocates for Global South (hindustantimes.com)
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[4.8]
India rejects $300 billion climate finance package as inadequate for developing nations (timesnownews.com)
1d 5h
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[5.3]
Negotiators fail to finalize climate finance goal at Baku conference (dawn.com)
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[5.1]
COP29 secures $300 billion climate finance deal for developing countries but falls short of $1.3 trillion goal (forbes.com)
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[5.9]
Developing nations criticize $300 billion climate deal at COP29 summit in Azerbaijan (thehindu.com)
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[5.7]
Wealthy nations commit $300 billion annually to support poorer countries in climate crisis response at COP29 (cnn.com)
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[3.9]
COP29 climate summit in Azerbaijan sets $300 billion annual finance goal by 2035 (gazette.com)
1d 5h
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[4.3]
India rejects $300 billion climate finance package at COP29 in Azerbaijan (zeenews.india.com)
1d 5h
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[5.0]
COP29 climate summit in Azerbaijan sets $300 billion annual climate finance target by 2035 (reuters.com)
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[4.2]
COP29 climate summit in Azerbaijan sets $300 billion annual finance target by 2035 (news.yahoo.com)
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[5.2]
Developing nations criticize Cop29 climate deal as inadequate for their needs (scmp.com)
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[5.5]
Cop29 reaches $300 billion climate finance deal but developing nations call it inadequate (timesofindia.indiatimes.com)
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[5.9]
Cop29 reaches $300 billion climate finance deal as developing nations call it inadequate (economictimes.indiatimes.com)
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[5.7]
Wealthy nations pledge $300 billion annually by 2035 to support Global South in climate fight (livemint.com)
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[5.8]
Nations agree to $300 billion annual climate fund for developing countries at UN talks (triblive.com)
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Developing nations criticize $300 billion climate deal as inadequate (sg.news.yahoo.com)
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[3.8]
Nearly 200 nations agree on £240 billion climate finance deal at COP29 summit in Azerbaijan (dailymail.co.uk)
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[5.5]
India rejects climate finance package citing insufficient funds for developing nations (economictimes.indiatimes.com)
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[5.6]
Wealthy nations pledge $300 billion annually to support developing countries in climate fight (newsweek.com)
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Richer nations pledge $300 billion to support climate action in developing countries at COP29 (bbc.com)
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[6.0]
Nations agree on $300 billion annual climate fund for developing countries at UN talks (wmur.com)
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[5.7]
Countries agree to $460 billion climate finance deal at COP29 conference (smh.com.au)
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[6.1]
Nations agree on $300 billion annual climate fund for developing countries at UN talks (wcvb.com)
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[5.8]
Countries reach $1.3 trillion climate finance deal at Cop29 but face backlash from campaigners (theguardian.com)
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[6.2]
Nations agree on $300 billion annual climate fund for developing countries at UN talks (kcra.com)
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[5.9]
Climate negotiators reach $300 billion deal at COP29 but face backlash from developing nations (npr.org)
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[5.7]
UN climate talks reach $300 billion annual funding deal for developing nations (gazette.com)
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[5.8]
Countries agree to $300 billion annual climate fund for developing nations (inquirer.net)
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[6.2]
UN climate talks secure $300 billion annual deal to aid developing nations (thestar.com)
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[6.1]
Countries agree on new climate funding deal at UN talks in Baku (thestar.com)
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[5.9]
Nations agree to $300 billion annual funding for developing countries at COP29 (cbsnews.com)
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[5.5]
Nations agree to $300 billion annual climate fund for developing countries at COP29 (time.com)
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[4.9]
Countries agree to $300 billion climate finance target at COP29 in Azerbaijan (rappler.com)
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[4.8]
COP29 concludes with $300 billion annual climate finance deal for developing nations (euronews.com)
1d 9h
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[5.8]
COP29 nations agree on $460 billion annual climate funding deal for developing countries (abc.net.au)
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[5.6]
Climate summit approves $300 billion financing deal for climate support (politico.eu)
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[4.2]
Disputes over climate finance stall progress at COP29 conference (thehindu.com)
1d 9h
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[5.4]
Rich nations boost climate finance offer to $300 billion by 2035 at COP29 (nbcnews.com)
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[5.7]
World reaches $300 billion climate deal for developing countries at COP29 (dw.com)
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[5.6]
COP29 concludes with agreement on $300 billion climate funding target (dw.com)
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COP29 reaches $300 billion annual deal to support developing countries in climate fight (cbc.ca)
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[6.3]
Nations agree on $300 billion annual climate funding for developing countries at UN talks (apnews.com)
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[5.3]
COP29 reaches $300 billion climate finance agreement to aid developing nations (rnz.co.nz)
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[4.5]
Countries reach US$300 billion climate finance deal at Cop29 in Azerbaijan (scmp.com)
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[5.1]
COP29 concludes with climate finance deal to boost funding for developing nations (japantimes.co.jp)
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[4.9]
COP29 reaches $300 billion climate finance deal to support developing nations (news.yahoo.com)
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Developed countries agree to $300 billion climate finance deal at COP29 (dw.com)
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[5.6]
Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
1d 10h
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[5.2]
COP29 proposes $300 billion annual climate finance deal for developing nations (gazette.com)
1d 10h
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[5.7]
COP29 negotiators near agreement on $300 billion climate finance deal (newstalkzb.co.nz)
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[5.9]
UN climate talks prepare to vote on $300 billion funding package for developing nations (chicagotribune.com)
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[5.5]
UN climate talks extend as negotiators seek $300 billion funding deal for developing nations (globalnews.ca)
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Developed nations propose $300 billion annual climate finance for Global South by 2035 (thehindu.com)
1d 10h
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[3.4]
COP29 adopts carbon market rules as vulnerable nations seek increased climate finance (climatechangenews.com)
1d 11h
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[5.2]
Dozens of nations walk out of COP29 climate talks over funding dispute in Baku (bbc.com)
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[4.7]
Countries agree on carbon credit market rules at COP29 in Baku (ft.com)
1d 12h
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[6.0]
Rich nations boost climate finance offer to $300 billion at COP29 (odt.co.nz)
1d 12h
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[5.6]
Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
1d 12h
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[4.3]
COP29 negotiations face challenges as talks extend beyond deadline (standard.co.uk)
1d 13h
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[4.9]
U.N. approves new carbon trading rules at COP29 climate talks (thehindu.com)
1d 13h
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[4.6]
Hope rises for funding deal at UN climate talks despite ongoing opposition (gazette.com)
1d 13h
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[5.4]
Rich nations boost climate finance offer to $300 billion at COP29 to seek agreement (rnz.co.nz)
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U.N. climate talks face divisions as developing nations reject funding plan in Baku (latimes.com)
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[4.8]
UN climate talks falter as developing nations reject proposed $300 billion deal (pressherald.com)
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UN climate talks falter as developing nations reject draft deal for financial support (castanet.net)
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Wealthy nations boost climate finance offer to $300 billion at COP29 talks (news.yahoo.com)
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Countries fail to reach climate finance deal at COP29 after extended negotiations (economictimes.indiatimes.com)
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[4.3]
Countries adopt UN carbon trading rules at COP29 (sg.news.yahoo.com)
1d 14h
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[4.5]
COP29 establishes global carbon credit trading market (gazette.com)
1d 14h
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[4.9]
Vulnerable nations walk out of COP29 climate talks as key ministers leave negotiations (newsroom.co.nz)
1d 14h
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[4.6]
COP29 establishes rules for global carbon credit trading market (news.yahoo.com)
1d 15h
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[4.3]
Countries negotiate extended climate finance targets at COP29 summit (reuters.com)
1d 15h
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[4.6]
Wealthy nations boost climate finance offer to $300 billion at COP29 in Azerbaijan (geo.tv)
1d 15h
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[3.1]
Saudi Arabia faces accusations of altering COP29 negotiating text as tensions rise (firstpost.com)
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[4.9]
Developing nations reject climate finance draft at COP29 as negotiations stall (time.com)
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Tensions rise at Cop29 climate talks in Baku as developing nations walk out over finance disputes (irishtimes.com)
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[4.7]
COP29 negotiations falter as small island nations exit talks over climate finance concerns (independent.co.uk)
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Developing nations walk out of COP29 climate talks over funding disputes (thejournal.ie)
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UN climate summit faces crisis as vulnerable nations walk out of finance talks (ft.com)
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Developing nations walk out of UN climate talks over finance disputes in Baku (aljazeera.com)
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Climate-vulnerable nations exit COP29 talks over funding disputes (news.sky.com)
1d 18h
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[5.5]
Wealthy nations boost climate finance offer to $300 billion at COP29 (economictimes.indiatimes.com)
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[5.5]
Developing nations reject climate financing draft at UN talks as tensions rise (regina.ctvnews.ca)
1d 18h
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[5.4]
Climate vulnerable nations walk out of COP29 talks in Azerbaijan (dw.com)
1d 18h
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[3.7]
Saudi Arabia faces accusations of altering Cop29 negotiating text, raising summit concerns (theguardian.com)
1d 18h
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[5.1]
UN climate talks falter as developing nations reject draft deal for financial support (gazette.com)
1d 18h
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[5.4]
Leaked climate finance draft at COP29 sparks outrage among developing nations (hindustantimes.com)
1d 19h
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[5.7]
Wealthy nations propose $300 billion climate deal for poorer countries at COP29 (politico.eu)
1d 19h
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[4.6]
UN climate talks in Baku extend as negotiators seek financial deal for developing nations (gazette.com)
1d 21h
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[5.1]
Developing nations express disappointment over climate funding deal at COP29 (scmp.com)
1d 21h
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[5.1]
Negotiators extend UN climate talks in Baku to secure funding for developing nations (independent.co.uk)
1d 22h
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[4.7]
Wealthy nations agree to raise climate finance target to $300 billion by 2035 at COP29 (geo.tv)
1d 23h
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[5.4]
COP29 in Azerbaijan struggles to reach climate finance deal as key leaders miss conference (nbcnews.com)
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[4.5]
Negotiations at Cop29 in Baku extend as climate finance deal remains unresolved (news.yahoo.com)
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