bbc.com

Landmark $300 Billion Climate Deal Reached at COP29 for Developing Nations

At the COP29 climate summit in Azerbaijan, rich nations committed a historic $300 billion to assist developing countries in combating climate change. Despite prolonged talks marked by tension and walkouts from vulnerable nations, the agreement aims to provide funding for transitioning away from fossil fuels and increasing climate preparedness. Nevertheless, frustrations remain regarding the deal’s effectiveness, particularly from countries like India, which contested the terms, criticizing the lack of stronger fossil fuel reduction commitments. The funding is viewed as a crucial step, acknowledging the disproportionate impact of climate change on poorer nations.

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