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Nations at UN climate talks agree on $300B a year for poor countries in a compromise deal

  • Rich countries agreed to provide at least $300 billion per year by 2035 to help poorer nations combat climate change, confirmed at the COP29 climate summit.
  • The fund will assist developing countries in addressing climate effects and transitioning away from fossil fuels, criticized as insufficient by those it's meant to support.
  • The COP29 discussions highlighted the financial responsibilities of industrialized nations due to their historical fossil fuel use contributing to greenhouse gas emissions.
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