Baku Breakthrough: $300BN NCQG Deal Accepted
Reuters
The agreement, finalised at COP29 in Baku, Azerbaijan, establishes that developed countries will contribute $300 billion annually by 2035 to assist poorer countries in mitigating the effects of climate change.
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Countries weigh in as COP29 climate summit extends into overtime
Delegates at COP29 in Baku push for consensus on climate finance targets, with calls for urgent action to address the global climate crisis as negotiations intensify.
18:49
BREAKING: Developing nations stand firm: $300BN not enough to tackle climate crisis
Global tensions rise at COP29 in Baku as developing nations reject the proposed $300B climate finance goal, demanding at least $500B annually to address urgent needs. Negotiations face a breaking point as blocs threaten to walk out over unmet demands.
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