Developing nations blast US$300bil COP29 climate deal as insufficient


  • World
  • Sunday, 24 Nov 2024

An activist stands during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan November 24, 2024. REUTERS/Murad Sezer

BAKU (Reuters): Countries at the COP29 summit in Baku adopted a US$300bil-a-year global finance target on Sunday (Nov 24) to help poorer nations cope with the impacts of climate change, a deal its intended recipients criticised as woefully insufficient.

The agreement, clinched in overtime at the two-week conference in Azerbaijan's capital, was meant to provide momentum for international efforts to curb global warming in a year destined to be the hottest on record.

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