At COP 29, world leaders strike $300bn deal for developing countries

After two weeks of intense negotiations, delegates at the United Nations climate summit in Baku, known as COP29, agreed late on Saturday to provide funding for developing countries to combat and adapt to climate change.

According to Deutsche Welle (DW), historically wealthy emitters offered climate finance worth $300 billion a year by 2035, far lower than developing countries hoped for.

The COP29 climate conference in Baku, Azerbaijan, was scheduled to end on Friday but extended as nearly 200 countries struggled to agree on a climate funding plan for the next decade.Read more