COP29: Summit ends with $300bn a year climate finance deal for developing nations
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Euronews.com
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The Western world has agreed to pay $300bn annually for emissions reduction and climate adaptation in developing countries starting in 2035. However, many developing nations, including Cuba and India, criticized the deal as insufficient. Tensions rose during negotiations, with groups like the LDCs and AOSIS walking out in protest. The G77+China group sought a higher target of $500bn. Despite ongoing discussions, climate campaigners expressed disappointment with the Biden administration's commitment to climate justice. Teljes cikk (Euronews.com)