At COP29 in Azerbaijan, nearly 200 nations agreed on a $300 billion annual climate finance deal by 2035, sparking criticism from developing countries.
India and other nations dismissed the pledge as insufficient, demanding $500 billion to address climate disasters and reduce emissions.
The agreement, supported by the EU and the U.S., encourages voluntary contributions from emerging economies like China but stops short of binding commitments.
UN climate chief Simon Stiell acknowledged the deal’s limitations, while activists branded it a betrayal of vulnerable communities.
The summit exposed lingering tensions between rich and developing nations over responsibility for climate action.
