Developing nations say $300bn COP29 deal not enough after agreement

Negotiators at the United Nations climate talks agreed on a $300bn target to help developing nations adapt to climate change, but many poorer nations have dismissed the agreement as insufficient. The agreement came on Sunday, a day after the COP29 talks were supposed to end in Baku, the capital of Azerbaijan. Richer nations agreed to pay at least $300bn a year by 2035 to help poorer countries make their economies more environmentally-friendly, and prepare for natural disasters. The number is an increase from a previous $100bn pledge, but was still $200bn less than the number called for by a group of 134 developing countries. A larger target of $1.3 trillion per year was also part of the deal, but most of that would come from private sources. Hours earlier, delegations from small island states and the least developed nations walked out of negotiations on the funding package, saying their climate finance interests were being ignored. Al Jazeera’s Barbara Angopa reports. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Download AJE Mobile App: https://aje.io/AJEMobile #COP29Summit #Azerbaijan #Baku #GreenClimateFund #ClimateFinance #DevelopingNations #OilInstallations #FossilFuels #ClimateNegotiations #CleanEnergy #RenewableEnergy #SolarPower #ClimateCrisis #GlobalWarming #ClimateChange #AlJazeeraEnglish