The financing plan, which calls for $300 billion per year in support for developing nations, was immediately assailed as inadequate by a string of delegates.

In the wee hours Sunday at the United Nations climate talks, countries from around the world reached an agreement on how rich countries can cough up the funds to support poor countries in the face of climate change.

Representatives of developing countries and climate activists were furious over the outcome, saying $300 billion annually from industrialized countries is far short of what vulnerable nations need to better protect themselves from climate change.

After three sleepless nights of back and forth among negotiators, all it took to seal a contentious global deal on climate finance was the hammering of a gavel."This has been stage-managed and we are extremely,

Negotiations at Cop29 in Baku, Azerbaijan were scheduled to finish on Friday evening but a final deal on climate finance remains elusive.

This year's U.N. climate summit delivered a deal on climate finance two days past deadline, after two weeks of tense negotiations. Here are some of the takeaways from the COP29 summit held in Azerbaij

BAKU: Countries at the COP29 summit in Baku adopted a US$300 billion global finance target to help poorer nations cope with the impacts of climate change, a deal roundly criticised by its int

A draft deal at the U.N. Climate Change Conference calls for wealthy nations to give developing ones $250 billion a year starting in 2035.

At COP29, nations agreed on a deal to inject at least $300 billion annually in humanity's fight against climate change and to help poor countries cope.

Nations at UN climate talks agree on $300B a year for poor countries to curb and adapt to warming in a compromise deal