Tensions Rise as COP29 Climate Finance Deal Hits $300B Stalemate

At COP29, a contentious climate proposal suggests wealthy nations contribute $250 billion annually to support poorer countries, but uncertainties remain about the distribution of funds, especially with potential policy shifts in the U.S. under a new Trump administration. Despite last year's commitments to reduce fossil fuel reliance, progress has stalled, and some developing nations are reluctantly considering accepting lower funding offers than desired. Meanwhile, a coalition excluding the U.S. plans to set ambitious greenhouse gas reduction targets by 2035.