Nearly 200 countries reached a deal at COP29 in Baku, Azerbaijan, agreeing to provide $300 billion annually to poorer nations by 2035 to tackle climate change impacts. However, many developing countries expressed dissatisfaction, stating the amount is insufficient compared to…

At COP29 in Azerbaijan, a new draft climate agreement suggests developed countries contribute $250 billion annually by 2035 to support poorer nations in combating climate change. This proposal is notable as it introduces a concrete funding figure for the first…

At the COP29 climate talks in Baku, Azerbaijan, nearly 200 nations face controversy over a draft agreement perceived as regressive on fossil fuel commitments. Developing countries voice frustration over the lack of financial support, while prominent figures like UK energy…

As COP29 concludes in Baku, developing nations demand between $440 billion and $900 billion annually from wealthy countries for climate aid. With developing nations seeking at least $600 billion, negotiator Diego Pacheco criticizes proposals of only $200 billion from wealthier…

At COP29 in Azerbaijan, experts warn that developing countries will require at least $1 trillion yearly by 2030 to transition to greener energy and combat extreme weather. Negotiations focus on establishing a new funding target, following a delayed achievement of…

Climate action funding is categorized into three main areas: loss and damage, mitigation, and adaptation. Established at COP27, the loss and damage fund aims to assist developing countries facing climate-related crises, like floods and droughts. Mitigation funding focuses on transitioning…