UN climate talks falter as developing nations reject proposed $300 billion deal

Negotiations at the COP29 climate summit in Baku, Azerbaijan, have broken down after developing nations rejected a proposed climate finance deal. The proposal of $300 billion per year was deemed insufficient, leading to frustration and separate discussions among countries. Developing nations are seeking $1.3 trillion to address climate impacts and transition to clean energy, significantly more than the expiring $100 billion annual deal. Some countries have walked out in protest, expressing dissatisfaction with the negotiations' direction. As the talks extend beyond their scheduled end, concerns grow about losing key delegates. The presidency has faced criticism for its handling of the conference, with some negotiators fearing a lack of agreement could undermine future climate efforts.