Global Summit Secures $300B Climate Aid for Developing Nations
TL;DR Summary
At COP29 in Baku, Azerbaijan, nearly 200 countries agreed on a climate deal where wealthy nations will provide $300 billion annually by 2035 to help poorer countries cope with climate impacts. Despite the agreement, many developing nations criticized the amount as insufficient compared to the $1.3 trillion needed. The summit faced challenges, including boycotts and fossil fuel interests, and was marked by tensions over financial commitments and geopolitical dynamics.
- World agrees to climate deal on financial aid for developing countries after summit nearly implodes CNN
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- Nations at UN climate talks agree on $300B a year for poor countries in a compromise deal The Associated Press
- They're here for climate action, but COP29 is about bickering. NBC News
- Climate deal: ‘It isn’t nearly enough, but it’s a start’ POLITICO
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