$300bn cash deal agreed at COP29 to help poorer countries fight climate change

A finance deal reached at the COP29 summit to help less-developed countries tackle climate change has been criticised for failing to meet the scale of the challenge.

Days of negotiations in Azerbaijan – that extended the talks by more than 30 hours – saw richer countries agree to raise their contribution to $300bn a year by 2035.

The African Group of Negotiators described it as “too little, too late”, while the representative from India called it “a paltry sum”.

Poorer countries had asked for $1.3 trillion to help them fight the climate battle.

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