Developing nations criticize $300 billion climate deal at COP29 summit in Azerbaijan
At the COP29 climate summit in Azerbaijan, nearly 200 nations reached a deal to provide $300 billion annually by 2035 to help developing countries combat climate change. This amount is an increase from the previous $100 billion pledge. However, many developing nations criticized the new pledge as insufficient. India and other countries expressed disappointment, stating that the figure does not meet the urgent needs of those most affected by climate disasters. The deal aims for a total of $1.3 trillion per year to address climate challenges, with most funding expected to come from private sources. Developed nations faced pressure to increase their contributions amid ongoing climate crises.