Developing nations slam 'paltry' $300 bn climate deal

The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed a $300 billion a year pledge from wealthy historic polluters as insultingly low.

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COP29 President Mukhtar Babayev speaks at a first closing plenary of the COP29 Climate Conference in Baku on November 23, 2024. The Azerbaijani head of COP29 urged nations on November 23, to bridge their differences after two weeks of fraught negotiations at the UN climate talks over money to help poorer countries tackle global warming. (Photo by STRINGER / AFP)

2024-11-24 10:29:54

The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed a $300 billion a year pledge from wealthy historic polluters as insultingly low.

After two exhausting weeks of chaotic bargaining and sleepless nights, nearly 200 nations banged through the contentious finance pact in the early hours in a sports stadium in Azerbaijan.

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