The world agreed to a new climate deal at COP29 in Baku, Azerbaijan, Saturday, with wealthy countries pledging to provide $300 billion annually by 2035 to poorer countries to help them cope with the increasingly catastrophic impacts of the climate crisis — a figure many developing countries criticized as vastly insufficient.

The pledged financing from the U.S., the EU and other wealthy governments includes hopes for private money — and a Trump-sized asterisk.

Cop29 ground out a last-minute compromise deal on Saturday night that offers at least $300 billion (£240 billion) per year by 2035 to help poorer countries confront global warming and allows China’s contributions to remain voluntary.

By Kate Abnett, Valerie Volcovici and Karin Strohecker BAKU (Reuters) -Countries agreed on Sunday to an annual finance target of $300 billion to help poorer countries deal with the impacts of climate change,

COPs have been getting progressively longer; the excellent team at Carbon Brief extrapolated the trend line, which suggests COP29 will end in the small hours of Sunday morning. Even that may be optimistic.