During ongoing UN climate negotiations in Baku, developed nations proposed to raise financial commitments to developing countries by $100 to $300 billion annually by 2035, falling short of the latter’s demand for at least double that amount. The talks have been marked by tensions, with delegates from the 45 poorest nations, mainly in Africa and small island states, expressing frustration and walking out of meetings. This led to urgent discussions among top negotiators to address their concerns. While a closing session of COP29 began late, the outcome remains uncertain.

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