A draft finance deal Friday at the U.N. COP29 climate and environment talks proposes wealthy nations give $250 billion a year to poorer nations in climate funding. Developing countries want more money.

The rejected proposal raised an existing commitment of $100 billion a year from rich nations but fell well short of what experts say developing nations need.

The draft agreement comes with many uncertainties about which nations will provide how much financing to poorer countries, especially with a new Trump era looming in the U.S.

Independent expert group says amount falls short of $390bn a year needed by 2035 to deal with effects of global warming

The COP29 climate summit presidency released a draft finance deal on Friday that would have developed nations take the lead in providing $250 billion per year by 2035 to help poorer nations - a proposal that drew criticism from all sides.

A new draft deal at UN climate talks Friday proposes rich nations commit $250 billion a year to help poorer nations combat global warming in a bid to break the

A COP29 draft climate finance agreement released on Friday proposed wealthy nations pay poorer countries $250 billion a year, until 2035, to fight climate change. It’s the first concrete number to be discussed in nearly two weeks of the conference in Baku,