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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