The coming hours will reveal whether this is enough to placate developing countries and small-island states. View on euronews

The COP29 presidency on Friday released a new draft climate finance deal proposal that would have developed nations take the lead in providing $250 billion per year by 2035. The draft also sets a broader goal to raise $1.

A new draft deal at UN climate talks Friday proposes rich nations commit $250 billion a year to help poorer nations combat global warming in a bid to break the

A COP29 draft climate finance agreement released on Friday proposed wealthy nations pay poorer countries $250 billion a year, until 2035, to fight climate change. It’s the first concrete number to be discussed in nearly two weeks of the conference in Baku,

A new draft finance deal delivered to harried negotiators in Baku on Friday – the final scheduled day for the UN climate talks that have been under way for the past two weeks – proposes rich countries commit $250 billion a year to help vulnerable nations cope with our warming planet and to accelerate the global switch to renewable energy.

A new draft proposal issued on Friday at COP29 in Azerbaijan has called for developing countries to pay $250 billion annually to climate finance poorer nations.