World reaches $300 billion climate deal for developing countries at COP29

At COP29 in Azerbaijan, developed countries agreed to provide $300 billion annually by 2035 to help developing nations address climate change. This funding aims to support mitigation and adaptation efforts. The agreement follows two weeks of negotiations, extending beyond the original deadline. Delegates from nearly 200 countries faced challenges in reaching a consensus on climate funding. Some representatives from developing and small island nations expressed frustration during the talks, citing concerns over the influence of fossil fuel-producing countries on the agreement.