India rejects $300 billion climate finance deal at COP29 summit

India has rejected a $300 billion climate finance deal for developing countries, adopted at the COP29 Summit in Baku, Azerbaijan. Indian officials criticized the agreement as insufficient and expressed disappointment over the process, stating it does not meet the needs of developing nations. The deal aims to provide $300 billion annually by 2035, building on a previous commitment of $100 billion per year that was delayed. India, supported by Nigeria, Malawi, and Bolivia, argued that the deal fails to address the financial responsibilities of developed countries. Negotiations at the summit faced challenges, with some developing nations walking out in frustration. Despite the criticism, UN climate chief Simon Stiell described the agreement as a necessary step for climate action, emphasizing the importance of timely financial contributions.