After two weeks of intense negotiations at COP29 in Baku, the final agreement mandates developed countries to provide $300 billion annually by 2035 for climate change mitigation in poorer nations.
Delegates from nearly 200 countries extended talks beyond the initial deadline, highlighting the friction and urgency among nations to reach a consensus on a climate funding plan.
The deal, however, has faced criticism, particularly from developing nations, who expressed dissatisfaction over the funding amount, which they feel falls short of what is needed.
Frustrated by their perceived exclusion from discussions, delegates from smaller island nations staged a walkout, emphasizing their fears that fossil fuel-producing countries were undermining the agreement.
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