Global Summit Secures $300B Climate Aid for Developing Nations
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.
