Developing nations express disappointment over climate funding deal at COP29
At the UN climate talks, developing nations expressed disappointment over a proposed deal that offers $250 billion annually by 2035. This amount is significantly lower than the $1 trillion experts say is necessary for climate action. The new proposal more than doubles the previous goal of $100 billion set 15 years ago. However, negotiators are considering raising the figure to $300 billion, which still falls short of the requested $1.3 trillion. Key leaders, including negotiators from the UK and Germany, continued discussions to reach a consensus. Some representatives from developing nations described the potential increase as inadequate, calling it "crumbs" compared to their needs.