COP29 Climate Summit Concludes with Controversial $300 Billion Finance Agreement

The COP29 climate summit results in a $300 billion annual finance commitment from developed nations, criticized as inadequate by developing countries and activists.

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As the US yields on climate leadership, China rises to fill the void

Vox

The Immense Disappointment and Promise of COP29

TIME Magazine

UN reaches $300B climate finance deal to help developing countries

Straight Arrow News

Poor nations fail to extract $1.3 trillion annually from rich countries at U.N. climate change conference

Reason

Contentious COP29 deal shows climate cooperation fraying at edges

NBC News

Activists Say COP29 Finance Deal “a Drop in the Ocean” Compared to What’s Needed

Truthout

Cop29 deal fails to consider inflation so is not tripling of target, economists say

The Guardian

Here’s what I learned at Cop29. Rows aside, an unstoppable transition to clean energy is happening | Ed Miliband

The Guardian

UN Climate Conference Ends With $300 Billion Deal

Epoch Times

The UN climate summit ended in bitterness and accusations of betrayal. Now fears are growing for its future

CNN

I'm glad we got a deal at Cop29 – but western nations stood in the way of a much better one | Mukhtar Babayev

The Guardian

China was willing to offer more in climate finance, says Cop29 president

The Guardian

Overview

A summary of the key points of this story verified across multiple sources.

The COP29 climate summit in Azerbaijan concluded with an agreement to allocate $300 billion annually to assist developing nations with climate change, significantly less than the demanded $1 trillion. While COP29 President Mukhtar Babayev heralded it as a breakthrough, many nations criticized the deal as insufficient amid concerns over geopolitical factors. The deal marks a tripling of previous commitments but fell short of expected aid, raising doubts about the future of international climate negotiations as Donald Trump’s presidency looms.

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