Climate talks reach finance deal blasted as inadequate by developing nations. BAKU, Azerbaijan — Negotiators from nearly 200 countries agreed Saturday night in a nonbinding commitment that wealthy nations would aim to provide at least $300 billion annually by 2035 to help poorer nations suffering the most from climate change.

At COP29, developing nations rejected what they called too little money to deal with climate change. They and United Nations reports say $1.3 trillion is needed.

Rich countries have agreed to pool together at least $300 billion a year by 2035. It’s not near the full amount of $1.3 trillion that developing countries were asking for, and that experts said was needed. But some delegations said this deal is headed in the right direction, with hopes that more money flows in the future.

Wealthy nations are obligated to pay vulnerable countries under an agreement reached at these talks in Paris ... Alden Meyer of the climate think tank E3G said it’s still up in the air whether a deal on finance will come out of Baku at all.

Representatives of developing countries and climate activists were furious over the outcome, saying $300 billion annually from industrialized countries is far short of what vulnerable nations need to better protect themselves from climate change.

Negotiators will soon decide whether to accept a proposed $300 billion funding package for poor nations to curb and adapt to climate change — a plan hammered out early Sunday by the head of

The United Nations’ annual climate talks are pushing into overtime under a cloud of anger and disappointment as negotiators are well short of a deal on money for developing nations to curb and adapt t

Countries at the United Nations climate summit have amped up the pressure on themselves by entering their final scheduled day of talks with no visible progress on their chief goals.