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Here’s what to know about the new funding deal that countries agreed to at UN climate talks

  • Countries at the United Nations climate talks agreed on a funding deal where rich countries will contribute at least $300 billion a year by 2035.
  • This agreement is less than the $1.3 trillion that developing countries sought, indicating ongoing financial needs.
  • The deal allows for more ambitious emission reduction targets, replacing a previous agreement that required $100 billion annually from rich nations.
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Here's what to know about the new funding deal that countries agreed to at UN climate talks

BAKU, Azerbaijan (AP) — In the wee hours Sunday at the United Nations climate talks, countries from around the world reached an agreement on how rich

·United States
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Rich countries must contribute more money to help poorer countries transition to cleaner energy and adapt to global warming. Here are the main points of the agreement reached at COP29 in Baku.

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The Independent broke the news in London, United Kingdom on Saturday, November 23, 2024.
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