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

  • Countries at the UN climate talks agreed to an annual finance target of $300 billion to help poorer nations deal with climate change impacts.
  • The final deal requires developed nations to pay at least $300 billion annually by 2035 to support developing countries.
  • The broader aim is to raise $1.3 trillion annually in climate finance from all sources by 2035, according to the agreement.
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