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Nations at UN climate talks agree on $300B a year for poor countries in a compromise deal

  • Nations at the COP29 conference have agreed to an annual finance target of $300 billion to assist poorer countries with climate change impacts.
  • The $300 billion will help developing nations transition from fossil fuels and address climate-related damages.
  • This deal is a significant increase from the previous $100 billion annual agreement but below the $1.3 trillion sought by developing countries.
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