At COP29 in Azerbaijan, developed nations pledged $300 billion annually to help poorer countries address climate change.
This commitment, set to run until 2035, builds on a prior $100 billion target achieved in 2022.
While hailed as progress, many nations criticized it as insufficient given the scale of the climate crisis.
The fund aims to mitigate climate impacts, with plans for $1.3 trillion annually from public and private sources by 2035.
However, debates over responsibility and unresolved fossil fuel phaseouts remain critical issues. For more details: The Express Tribune
