At COP29, developing nations rejected what they called too little money to deal with climate change. They and United Nations reports say $1.3 trillion is needed.
Representatives of developing countries and climate activists were furious over the outcome, saying $300 billion annually from industrialized countries is far short of what vulnerable nations need to better protect themselves from climate change.
It's not near the full amount of $1.3 trillion that developing countries were asking for, but it's three times the $100 billion a year deal from 2009 that's expiring
Negotiators will soon decide whether to accept a proposed $300 billion funding package for poor nations to curb and adapt to climate change - a plan hammered out early Sunday by the head of fractured United Nations climate talks.
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Compromise deal reached at COP29 climate talks for $300 billion a year to poor nations | Since Then