COP29 clinches US$300 billion climate finance deal
Mihaela Păun
BAKU: Countries agreed on Sunday (Nov 24) to an annual finance target of US$300 billion to help poorer countries deal with the impacts of climate change, with rich countries leading the payments, according to a hard-fought deal clinched at the COP29 conference in Baku . The new goal is intended to replace developed countries' previous commitment to provide US $100 billion per year in climate finance for poorer nations by 2020. That goal was met two years late, in 2022, and expires in 2025. The
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