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Here’s what to know about the new funding deal that countries agreed to at UN climate talks

  • Countries at the United Nations climate talks agreed that rich countries will contribute at least $300 billion annually by 2035 to assist poorer nations with climate change.
  • The agreement aims to help poorer countries create more ambitious targets for reducing emissions due next year.
  • The deal replaces a 15-year-old agreement that required rich nations to provide $100 billion each year for climate finance.
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