Tag Archives: COP29

Developing Nations Reject $250bn Annual Climate Finance Offer at COP29, Demand $1.3 Trillion by 2035

Negotiations at COP29 in Baku have extended beyond the scheduled timeframe after developing countries rejected a proposal from wealthy nations offering $250 billion annually for climate finance by 2035. This amount, part of a draft finance agreement put forward by Azerbaijan’s presidency, falls significantly short of the $1.3 trillion per …

Read More »