UN climate talks return from brink of collapse to clinch $460 billion deal

WAtoday

Summary

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After an exhausting two weeks of negotiations in Azerbaijan's Caspian Sea capital of Baku, COP29 president Mukhtar Babayev declared open the final summit plenary after midnight, two days after the conference was officially scheduled to end.
Le Monde
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Afterward, large rich nations agreed to bump up their offer from a $250 billion proposal that the summit’s hosts had floated on Friday.
Politico
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The new goal is intended to replace developed countries' previous commitment to provide US$100 billion per year in climate finance for poorer nations by 2020.
CNA
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The $300 billion will go to developing countries who need the cash to wean themselves off the coal, oil and gas that causes the globe to overheat, adapt to future warming and pay for the damage caused by climate change’s extreme weather.
Time

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