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Baku Climate Conference Yields New Financial Commitments Amid Challenges

The climate conference in Baku concluded with a commitment from wealthy nations to increase financial support for poorer countries affected by climate change to $300 billion annually by 2035. Felix Wertli, the Swiss delegation head, expressed satisfaction with this financial target but noted the lack of progress on emission reduction goals. He emphasized the need for further investment and highlighted the geopolitical challenges faced in negotiations. Despite criticism that the amount may be insufficient, Wertli believes it will aid the most vulnerable nations.

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