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COP29 draft proposes wealthy nations pay $250B a year in climate finance

  • A draft deal at U.N. COP29 proposes $250 billion annually from wealthy nations to poorer nations for climate funding by 2035, according to the conference documents.
  • Developing countries expressed their need for at least $500 billion, indicating dissatisfaction with the proposed funds.
  • The current target of $100 billion ends in 2025, necessitating a new agreement to address the climate funding gap.
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  • 45% of the sources lean Left
45% Left
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