The Washington Post
Breaking News
Nov. 23, 4:48 p.m. EST
U.N. talks have reached a deal to offer $300 billion a year in climate aid to poor nations. Follow our live coverage.
The final agreement calls for developed countries to provide at least $300 billion a year by 2035 to help developing nations cope with climate disasters. The deal, which delegates will discuss in an open session before taking a formal vote, would cap two weeks of negotiations at the U.N. Climate Change Conference in Baku, Azerbaijan.
COP29 President Mukhtar Babayev on Nov. 24 gaveled in a $300 billion climate aid deal at the U.N. Climate Conference in Baku, Azerbaijan.
BAKU, Azerbaijan — More than a day past the scheduled end of the U.N. Climate Change Conference, negotiators from almost 200 nations approved a deal to marshal the vast sums of money that poorer nations need to cope with global warming’s worst effects.
The final deal, which was voted on early Sunday here, calls for developed countries to mobilize at least $300 billion per year by 2035 to help poorer nations that are most vulnerable to climate disasters.
The talks, known as COP29, have been testy, with differences erupting over core questions about who should provide the money — and at what scale. Saturday afternoon, when delegates had hoped to be finalizing a deal, delegates for vulnerable nations temporarily walked out of the negotiating room in protest, calling the offer on the table unacceptable.
Poorer nations say they have been left alone to handle climate disasters, and wealthier nations are feeling hamstrung by tight budgets and political tensions back home.
Though these dynamics would make for tough negotiations under any circumstances, the talks are taking place in a windowless prefab complex. Delegates are subsisting on a dwindling food supply and running on consecutive days of little sleep.
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