At the COP29 conference in Baku, developed countries pledged to triple their loans and grants to developing nations by 2035, despite criticisms of being inadequate and ambiguous. The agreement, reached after intense negotiations, has disappointed many, including representatives from African and impoverished nations, who demanded significantly more funding. Notably, U.S. President Joe Biden acknowledged the agreement as a crucial step in fighting climate change. Concerns loom as 2024 is expected to be recorded as the hottest year, amplifying the urgency of climate action.

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