With talks teetering, climate negotiators struck a controversial $300 billion deal

At the COP29 climate conference in Baku, Azerbaijan, negotiators reached a last-minute agreement for wealthy countries to provide $300 billion annually to help developing nations combat climate change. Developing nations had pushed for $1.3 trillion a year in funding, expressing disappointment at the final amount. The deal was criticized by some representatives for being insufficient to address the urgent climate action needed. The conference faced backlash for lack of collaboration and trust among nations. The talks took place during a record-breaking hot year, highlighting the urgency of addressing global warming. Some developing countries briefly walked out of negotiations, citing mistreatment and highlighting the challenges they face. President Biden praised the funding agreement as ambitious, but the recent U.S. election raised concerns about the country’s future engagement in global climate initiatives.

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