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

  • Negotiators at COP29 reached a deal where rich countries will provide at least $300 billion per year by 2035 to help poorer nations fight climate change.
  • This agreement replaces a previous commitment of $100 billion per year, which was not met until two years late in 2022.
  • While the $300 billion goal is criticized as insufficient, it is viewed as an important down payment for a safer and more equitable future.
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