Nations at COP29 climate talks agree on $300 billion a year for poor countries

CBS News

Summary

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After two exhausting weeks of chaotic bargaining and sleepless nights, nearly 200 nations banged through the contentious finance pact in the early hours in a sports stadium in Azerbaijan.
The Manila Times
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The developing world will receive at least $1.3tn (£1tn) a year in funds to help them shift to a low-carbon economy and cope with the impacts of extreme weather, by 2035.
Guardian
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The final figure represents a significant increase from Friday's contentious draft proposal of $250 billion, though it still falls well short of the $1.3 trillion that experts estimate is needed to adequately address the global climate crisis.
Newsweek
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The $300 billion will go to developing countries who need the cash to wean themselves off the coal, oil and gas that causes the globe to overheat, adapt to future warming and pay for the damage caused by climate change’s extreme weather.
Time

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