Negotiators at COP29 reached a landmark agreement to triple climate finance for developing countries to $300 billion annually by 2035.
This significant increase from the previous $100 billion goal aims to help vulnerable nations adapt to climate change and transition to low-carbon economies.
However, the deal has been met with mixed reactions, with some countries expressing disappointment over the shortfall from their initial demand of $1.3 trillion.
Concerns have also been raised about the transparency of the negotiation process and the lack of specific allocations for particularly vulnerable nations.
Despite these criticisms, the agreement represents a crucial step forward in global climate cooperation.