COP29 closes with historic $1.3tr climate finance deal

James Murray
clock • 10 min read
Credit: UNclimatechange @ Flickr
Image:

Credit: UNclimatechange @ Flickr

New $300bn target to be predominantly met by industrialised nations promises major boost to climate finance, but campaigners warn deal 'slammed the door in the face of developing countries'

The COP29 Climate Summit reached a dramatic close in the early hours of Sunday morning in Baku, with countries signing off on an historic new climate finance package that calls on governments to work together...

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