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Economists warn Cop29 climate finance deal underestimates inflation impact on funding for poor nations

theguardian.com — November 25, 2024, 07:01 PM UTC

At Cop29, negotiators agreed on a $300 billion annual climate finance target by 2035, which is presented as a tripling of the previous $100 billion goal. However, economists argue this figure does not account for inflation. Without inflation adjustments, the real value of the $300 billion pledge will be significantly lower, potentially losing about 20% of its value by 2035. This means poorer nations will receive even less than expected. Experts have criticized the deal for lacking necessary adjustments and quality indicators, stating it falls short of the financial needs of developing countries. The commitment is seen as inadequate and poorly structured for effective climate finance.

With a significance score of 5.3, this news ranks in the top 1% of today's 15806 analyzed articles.

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

Timeline:

  1. [5.3]
    Economists warn Cop29 climate finance deal underestimates inflation impact on funding for poor nations (theguardian.com)
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  2. [6.3]
    Poor countries express anger over Cop29 climate finance deal shortfall (theconversation.com)
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  3. [4.6]
    UN climate summit in Azerbaijan leaves key issues unresolved (theconversation.com)
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  4. [4.7]
    COP29 concludes with $300 billion climate finance goal, faces criticism from developing nations (gmanetwork.com)
    3h
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  5. [5.5]
    Small island nations nearly walk out of UN climate talks over funding issues (bbc.com)
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  6. [4.7]
    COP29 opens in Azerbaijan as UN warns Paris Agreement goals are at risk (thehindu.com)
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  7. [5.0]
    India raises concerns over climate finance commitments at Baku conference (hindustantimes.com)
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  8. [5.1]
    COP29 negotiators secure $300 billion climate deal but face criticism and controversy in Baku (standard.co.uk)
    6h

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  9. [5.1]
    China willing to increase climate finance if western nations lead, says Cop29 president (theguardian.com)
    6h

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  10. [4.5]
    India rejects COP29 climate finance deal, calls it an optical illusion (businesstoday.in)
    8h
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  11. [4.8]
    UN climate summit reaches $300 billion finance deal after intense negotiations (ft.com)
    9h
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  12. [4.6]
    Businesses seek clarity on climate finance after mixed COP29 outcomes (thehindu.com)
    11h
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  13. [4.5]
    COP29 climate talks in Baku yield limited progress on carbon trading and funding (livemint.com)
    11h
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  14. [5.5]
    COP29 concludes with $300 billion annual climate funding deal for developing nations (euronews.com)
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  15. [4.8]
    COP29 approves climate finance plan but highlights divisions and funding frustrations (thehindu.com)
    13h
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  16. [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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  17. [4.4]
    COP29 negotiators reach carbon trading agreement but face criticism over flaws (theconversation.com)
    14h
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  18. [4.5]
    COP29 approves new rules for international carbon trading in Baku (timesofindia.indiatimes.com)
    14h
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  19. [4.7]
    India opposes new climate finance goal at COP29 in Azerbaijan (businesstoday.in)
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    Developed nations agree to $300 billion climate deal at COP29, facing backlash from India and others (firstpost.com)
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  21. [4.9]
    Business seeks clarity on climate finance and carbon trading after COP29 agreements (reuters.com)
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  22. [4.3]
    Countries set $300 billion climate finance target at COP29 but face challenges (gazette.com)
    15h
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  23. [4.9]
    COP29 approves $300 billion climate finance plan despite criticism and tensions (gazette.com)
    15h
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  24. [6.1]
    COP29 sets climate finance goal at $300 billion but developing nations call it inadequate (dawn.com)
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  25. [4.7]
    Pacific advocates criticize COP29 for failing to support vulnerable island nations (rnz.co.nz)
    18h
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  26. [4.2]
    India rejects climate finance deal at COP29, citing Global South concerns (timesofindia.indiatimes.com)
    19h
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  27. [5.3]
    COP29 negotiators reach $300 billion climate funding deal after tense talks (livemint.com)
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  28. [6.0]
    Countries agree on new climate funding deal to support developing nations (oregonlive.com)
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  29. [4.6]
    Developing nations call $300 billion climate finance deal insufficient at COP29 in Baku (geo.tv)
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  30. [4.5]
    Cop29 climate talks in Azerbaijan set new finance target and carbon trading rules (thespinoff.co.nz)
    22h
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  31. [4.3]
    Wealthy nations agree to boost climate aid at COP29 but face criticism from developing countries (dailymail.co.uk)
    22h
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  32. [4.5]
    Wealthy nations agree to $300 billion climate aid deal at COP29 but exclude China (dailymail.co.uk)
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  33. [5.8]
    COP29 agrees to $300 billion climate finance target but India expresses disappointment (indianexpress.com)
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  34. [5.5]
    COP29 climate deal faces backlash from developing nations and New Zealand activists (rnz.co.nz)
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  35. [4.1]
    EU president's absence at COP29 raises questions about climate commitment (express.co.uk)
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  36. [5.8]
    Countries agree on new climate funding deal at UN talks in Baku (chicagotribune.com)
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  37. [4.8]
    COP29 sets $300 billion climate finance target for developing nations by 2035 (economictimes.indiatimes.com)
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  38. [5.8]
    Wealthy nations commit $300 billion for climate finance at COP29 but face criticism for inadequacy (irishtimes.com)
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  39. [5.0]
    India criticizes COP29 climate finance deal as inadequate for developing nations (economictimes.indiatimes.com)
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  40. [6.1]
    Rich countries pledge $300 billion for climate finance by 2035 at COP29 in Baku (sg.news.yahoo.com)
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  41. [5.7]
    Countries reach funding agreement to support climate action for developing nations (castanet.net)
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  42. [5.3]
    Cop29 climate deal faces backlash over insufficient funding for developing nations (news.yahoo.com)
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  43. [5.7]
    New Zealand faces potential funding increase as COP29 sets climate finance target (odt.co.nz)
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  44. [5.4]
    Developing nations criticize $300 billion climate finance deal at COP29 as inadequate (dawn.com)
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  45. [5.7]
    Critics slam Cop29 climate finance deal as inadequate for developing nations (theguardian.com)
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  46. [4.1]
    COP 29 climate talks in Baku conclude with limited progress (economist.com)
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  47. [4.3]
    India rejects COP29 climate finance deal, calls $300 billion pledge inadequate (timesofindia.indiatimes.com)
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  48. [6.0]
    COP29 reaches $300 billion climate finance deal but developing nations seek more support (irishtimes.com)
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  49. [4.3]
    COP29 climate summit faces backlash over inadequate agreements and absent leaders (news.yahoo.com)
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  50. [4.8]
    Developed countries set low climate finance goal at COP29, disappointing many (newsroom.co.nz)
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  51. [5.8]
    New Zealand faces increased climate finance obligations under new COP29 agreement (rnz.co.nz)
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  52. [4.5]
    COP29 talks in Baku fail to secure strong climate finance agreement (thehindu.com)
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  53. [5.2]
    COP29 in Baku falls short on climate finance for developing nations (livemint.com)
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  54. [5.9]
    COP29 concludes with $300 billion climate finance deal for developing countries (bbc.com)
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  55. [5.1]
    COP29 in Baku sets new climate finance goal but developing nations express disappointment (hindustantimes.com)
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  56. [5.6]
    Cop29 climate deal faces backlash over funding shortfall for developing nations (independent.co.uk)
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  57. [5.6]
    COP29 climate talks conclude with $300 billion annual finance deal for developing nations (news.yahoo.com)
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  58. [5.6]
    Eamon Ryan praises COP29 climate finance deal despite criticism from activists (rte.ie)
    1d 7h

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  59. [5.6]
    Wealthy nations pledge $300 billion for climate support at Cop 29 but face criticism over fossil fuel plans (irishtimes.com)
    1d 7h

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  60. [4.9]
    Activists criticize Cop29 climate finance deal as inadequate for developing nations (standard.co.uk)
    1d 7h
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  61. [5.3]
    Rich nations struggle to commit to climate finance at COP29 in Baku (frontline.thehindu.com)
    1d 8h

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  62. [5.2]
    Developing countries criticize Cop29 climate finance deal as insufficient for urgent needs (irishtimes.com)
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  63. [5.1]
    Greenpeace criticizes $300 billion climate finance deal at Cop29 as inadequate (news.yahoo.com)
    1d 8h

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  64. [4.4]
    Developing nations reject COP29 climate deal as inadequate funding falls short (forbes.com)
    1d 8h
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  65. [5.3]
    Greenpeace criticizes Cop29 climate finance deal as inadequate (standard.co.uk)
    1d 8h

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  66. [4.5]
    Irish climate minister calls COP29 deal a necessary step for future action (standard.co.uk)
    1d 10h
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  67. [4.8]
    Countries establish new carbon trading rules at Cop29 to support climate goals (news.yahoo.com)
    1d 10h
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  68. [4.8]
    Countries agree on new carbon market rules at COP29 to boost climate efforts (theguardian.com)
    1d 10h
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  69. [4.2]
    COP29 in Azerbaijan agrees on $300 billion climate finance but faces criticism from developing nations (rappler.com)
    1d 11h
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  70. [4.0]
    COP29 highlights uncertainty in climate action as Trump era approaches (politico.eu)
    1d 11h
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  71. [4.7]
    Developing nations criticize $300 billion climate finance deal at COP29 summit (brecorder.com)
    1d 12h
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  72. [6.3]
    Cop29 reaches climate finance deal but campaigners call it a betrayal (irishtimes.com)
    1d 12h

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  73. [6.0]
    Developing nations criticize $300 billion climate deal at UN summit in Azerbaijan (news.yahoo.com)
    1d 12h

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  74. [4.4]
    COP29 establishes carbon credit trading scheme amid criticism of effectiveness (rnz.co.nz)
    1d 13h
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  75. [4.5]
    India rejects $300 billion climate finance deal at COP29 summit (ndtv.com)
    1d 13h
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  76. [4.9]
    COP29 climate talks in Azerbaijan secure $300 billion annual finance deal and global carbon trading rules (theconversation.com)
    1d 14h
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  77. [5.5]
    Ed Miliband announces $300 billion climate deal at Cop29 in Azerbaijan (standard.co.uk)
    1d 15h

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  78. [3.8]
    COP29 climate talks conclude with $300 billion finance deal and carbon trading rules (home.nzcity.co.nz)
    1d 15h
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  79. [4.9]
    India rejects climate finance decision at COP29, advocates for Global South (hindustantimes.com)
    1d 16h
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  80. [5.3]
    Developed nations pledge $300 billion for climate aid but developing countries express disappointment (firstpost.com)
    1d 16h

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  81. [5.1]
    COP29 climate summit in Baku extends negotiations over funding gap for developing nations (dawn.com)
    1d 16h

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  82. [5.7]
    Wealthy nations commit $300 billion annually to support poorer countries in climate crisis response at COP29 (cnn.com)
    1d 17h

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  83. [4.3]
    India rejects $300 billion climate finance package at COP29 in Azerbaijan (zeenews.india.com)
    1d 17h
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  84. [5.9]
    Developing nations criticize $300 billion climate deal at COP29 summit in Azerbaijan (thehindu.com)
    1d 17h

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  85. [5.0]
    COP29 climate summit in Azerbaijan sets $300 billion annual climate finance target by 2035 (reuters.com)
    1d 17h

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  86. [5.1]
    COP29 secures $300 billion climate finance deal for developing countries but falls short of $1.3 trillion goal (forbes.com)
    1d 17h

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  87. [4.8]
    India rejects $300 billion climate finance package as inadequate for developing nations (timesnownews.com)
    1d 17h
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  88. [5.3]
    Negotiators fail to finalize climate finance goal at Baku conference (dawn.com)
    1d 17h

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  89. [3.9]
    COP29 climate summit in Azerbaijan sets $300 billion annual finance goal by 2035 (gazette.com)
    1d 17h
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  90. [5.7]
    Wealthy nations pledge $300 billion annually by 2035 to support Global South in climate fight (livemint.com)
    1d 18h

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  91. [5.9]
    Cop29 reaches $300 billion climate finance deal as developing nations call it inadequate (economictimes.indiatimes.com)
    1d 18h

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  92. [5.5]
    Cop29 reaches $300 billion climate finance deal but developing nations call it inadequate (timesofindia.indiatimes.com)
    1d 18h

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  93. [4.2]
    COP29 climate summit in Azerbaijan sets $300 billion annual finance target by 2035 (news.yahoo.com)
    1d 18h
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  94. [5.2]
    Developing nations criticize Cop29 climate deal as inadequate for their needs (scmp.com)
    1d 18h

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  95. [5.8]
    Nations agree to $300 billion annual climate fund for developing countries at UN talks (triblive.com)
    1d 19h

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  96. [3.8]
    Nearly 200 nations agree on £240 billion climate finance deal at COP29 summit in Azerbaijan (dailymail.co.uk)
    1d 19h
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  97. [5.5]
    India rejects climate finance package citing insufficient funds for developing nations (economictimes.indiatimes.com)
    1d 19h

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  98. [5.8]
    Developing nations criticize $300 billion climate deal as inadequate (sg.news.yahoo.com)
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  99. [5.5]
    Richer nations pledge $300 billion to support climate action in developing countries at COP29 (bbc.com)
    1d 19h

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  100. [5.6]
    Wealthy nations pledge $300 billion annually to support developing countries in climate fight (newsweek.com)
    1d 19h

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  101. [5.7]
    Countries agree to $460 billion climate finance deal at COP29 conference (smh.com.au)
    1d 20h

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  102. [6.1]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (wcvb.com)
    1d 20h

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  103. [6.0]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (wmur.com)
    1d 20h

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  104. [5.8]
    Countries reach $1.3 trillion climate finance deal at Cop29 but face backlash from campaigners (theguardian.com)
    1d 20h

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  105. [5.9]
    Nations agree to $300 billion annual funding for developing countries at COP29 (cbsnews.com)
    1d 20h

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  106. [6.1]
    Countries agree on new climate funding deal at UN talks in Baku (thestar.com)
    1d 20h

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  107. [6.2]
    Nations agree on $300 billion annual climate fund for developing countries at UN talks (kcra.com)
    1d 20h

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  108. [5.9]
    Climate negotiators reach $300 billion deal at COP29 but face backlash from developing nations (npr.org)
    1d 20h

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  109. [5.7]
    UN climate talks reach $300 billion annual funding deal for developing nations (gazette.com)
    1d 20h

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  110. [5.8]
    Countries agree to $300 billion annual climate fund for developing nations (inquirer.net)
    1d 20h

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  111. [6.2]
    UN climate talks secure $300 billion annual deal to aid developing nations (thestar.com)
    1d 20h

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  112. [5.5]
    Nations agree to $300 billion annual climate fund for developing countries at COP29 (time.com)
    1d 20h

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  113. [5.6]
    Climate summit approves $300 billion financing deal for climate support (politico.eu)
    1d 21h

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  114. [5.7]
    World reaches $300 billion climate deal for developing countries at COP29 (dw.com)
    1d 21h

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  115. [5.9]
    COP29 reaches $300 billion annual deal to support developing countries in climate fight (cbc.ca)
    1d 21h

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  116. [4.5]
    Countries reach US$300 billion climate finance deal at Cop29 in Azerbaijan (scmp.com)
    1d 21h
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  117. [5.3]
    COP29 reaches $300 billion climate finance agreement to aid developing nations (rnz.co.nz)
    1d 21h

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  118. [5.7]
    Developed countries agree to $300 billion climate finance deal at COP29 (dw.com)
    1d 21h

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  119. [4.9]
    COP29 reaches $300 billion climate finance deal to support developing nations (news.yahoo.com)
    1d 21h
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  120. [6.3]
    Nations agree on $300 billion annual climate funding for developing countries at UN talks (apnews.com)
    1d 21h

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  121. [4.8]
    COP29 concludes with $300 billion annual climate finance deal for developing nations (euronews.com)
    1d 21h
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  122. [5.1]
    COP29 concludes with climate finance deal to boost funding for developing nations (japantimes.co.jp)
    1d 21h

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  123. [5.8]
    COP29 nations agree on $460 billion annual climate funding deal for developing countries (abc.net.au)
    1d 21h

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  124. [5.6]
    COP29 concludes with agreement on $300 billion climate funding target (dw.com)
    1d 21h

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  125. [5.4]
    Rich nations boost climate finance offer to $300 billion by 2035 at COP29 (nbcnews.com)
    1d 21h

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  126. [4.9]
    Countries agree to $300 billion climate finance target at COP29 in Azerbaijan (rappler.com)
    1d 21h
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  127. [4.2]
    Disputes over climate finance stall progress at COP29 conference (thehindu.com)
    1d 21h
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  128. [5.5]
    UN climate talks extend as negotiators seek $300 billion funding deal for developing nations (globalnews.ca)
    1d 22h

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  129. [5.6]
    Developing nations reject climate finance deal at UN talks in Azerbaijan (cnn.com)
    1d 22h

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  130. [5.7]
    COP29 negotiators near agreement on $300 billion climate finance deal (newstalkzb.co.nz)
    1d 22h

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  131. [6.1]
    Developed nations propose $300 billion annual climate finance for Global South by 2035 (thehindu.com)
    1d 22h

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  132. [5.2]
    COP29 proposes $300 billion annual climate finance deal for developing nations (gazette.com)
    1d 22h

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  133. [5.9]
    UN climate talks prepare to vote on $300 billion funding package for developing nations (chicagotribune.com)
    1d 22h

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  134. [5.2]
    Dozens of nations walk out of COP29 climate talks over funding dispute in Baku (bbc.com)
    1d 23h

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  135. [3.4]
    COP29 adopts carbon market rules as vulnerable nations seek increased climate finance (climatechangenews.com)
    1d 23h
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