Climate Politics
COP29 Reaches Final Stage With $300 Billion Deal Offer
- UN talks in Baku to debate climate finance agreement
- Summit was due to end Friday and has run well overtime
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COP29 host Azerbaijan released a final draft of a climate finance deal, calling on rich nations to commit at least $300 billion a year in climate financing to the developing world.
The draft, which came early Sunday morning in Baku, set the stage for a hard-won financing agreement after two weeks of fraught negotiations.