Wealthy nations agree to $300 billion climate aid deal at COP29 but exclude China

Wealthy countries, including the UK, US, and EU, have agreed to increase climate aid to developing nations to $300 billion (£239 billion) annually, up from $100 billion. This deal was reached at the COP29 summit in Baku. The agreement, however, does not include China, which has been criticized by developing countries as insufficient. India described the funding as a "paltry sum," far below the $1.3 trillion they sought. The deal aims to help poorer nations combat climate change and modernize their economies. Critics argue it falls short of addressing the urgent needs of these countries.