The final agreement at COP29 mandates developed countries to contribute $300 billion annually to climate finance for developing nations by 2035, a significant shortfall from expectations.
Delegates from some of the world's most climate-vulnerable nations staged a protest during COP29 negotiations, emphasizing their frustration over not being heard in the discussions.
Despite initial hopes of a climate finance commitment exceeding $1 trillion annually, delegates were only able to agree on a fraction of that amount.
The text from COP29 still includes the ambitious goal of $1.3 trillion per year by 2035, but it lacks specificity regarding the source of the funding.
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