November 24, 2024 10:48 AM

World agrees on USD 300 billion climate aid for developing nations

COP29 in Baku concluded with wealthy nations committing $300 billion annually by 2035 to help developing countries combat the escalating climate crisis. The agreement, reached after over two weeks of contentious talks, was hailed as a step forward but criticized as inadequate by vulnerable nations facing the brunt of climate disasters. The negotiations were fraught with disagreements, boycotts, and protests. Talks nearly collapsed on Saturday when representatives of small island states and leas...