Energy Secretary Ed Miliband has called a financial package for developing nations a “critical 11th-hour deal at the 11th hour for the climate” as the United Nations environmental conference drew to a close.

Cop29 ground out a last-minute compromise deal on Saturday night that offers at least $300 billion (£240 billion) per year by 2035 to help poorer countries confront global warming and allows China’s contributions to remain voluntary.

BAKU, Nov 23 (Reuters) - Country delegates at COP29 met for a plenary Saturday night to agree on some aspects of this year's negotiations, while their teams continued to work on the summit's centerpiece topic: agreeing a new target for annual climate finance.

United Nations climate negotiators agreed on a funding formula to help developing countries cope with the effects of climate change early Sunday in Azerbaijan after two weeks of intense negotiations.

Dramatic day saw prolonged negotiations, walkouts by vulnerable nations and protests echoing through corridors

This year's U.N. climate summit delivered a deal on climate finance two days past deadline, after two weeks of tense negotiations.

Expectations were low for the latest UN climate summit. But climate law expert Jacqueline Peel – who was at the talks – explains what progress was made.

But as exciting as it was, attending this climate summit also came with its challenges—starting with just getting to the venue – the Olympic Stadium. The first morning of the conference, I left the hotel armed with a map on the phone and what I thought was a good sense of direction.

The European Union, United States and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to $300 billion per year by 2035, sources told Reuters on Saturday.