At the COP29 summit in Azerbaijan, countries agreed to a $300 billion annual target for climate finance to assist poorer nations facing climate change impacts. The deal, celebrated by some but criticized as inadequate by others, aims to enhance previous commitments made by wealthier countries. Despite the agreement, developing nations expressed frustration over insufficient funding and the lack of concrete steps to reduce fossil fuel reliance. The summit highlights the ongoing tension between industrialized and developing nations regarding financial responsibilities in combating climate change.