Published

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

  • Countries agreed on $300 billion annual funding to assist poorer nations with climate change impacts, led by wealthy nations, at the COP29 conference in Baku.
  • The agreement increases financial support from the previous $100 billion commitment and moves beyond the $250 billion draft proposal.
  • U.N. Climate Change's Executive Secretary Simon Stiell described the deal as an 'insurance policy for humanity,' stressing timely payments are essential.
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  • 45% of the sources are Center
45% Center
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