Skip to main content
New climate justice cash draft deal ‘angered’ developing nations
Activists participate in a demonstration against fossil fuels at the COP29 U.N. Climate Summit, November 22, 2024, in Baku, Azerbaijan

A NEW draft of a deal on cash to adapt to climate change released today afternoon at the United Nations climate summit (Cop29) “angered” developing nations.

The new draft deal set out in Azerbaijan capital Baku pledged just $250 billion (£198bn) by 2035 from wealthy countries to poorer ones. 

The amount is more than double the previous goal of $100bn (£79bn) a year set 15 years ago, but it’s less than a quarter of the amount demanded by developing nations struck hardest by extreme weather. 

The 95th Anniversary Appeal
Support the Morning Star
You can read five articles for free every month,
but please consider supporting us by becoming a subscriber.
More from this author
An Indian soldier drinks water as he guards after India and Pakistan reported no incidents of firing overnight, in Srinagar, Indian controlled Kashmir, May 12, 2025
World / 12 May 2025
12 May 2025
US President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House on April 2, 2025
International Trade / 11 May 2025
11 May 2025
Similar stories
Activists participate in a demonstration for climate finance
World / 24 November 2024
24 November 2024
Activists participate in a demonstration for climate finance
World / 21 November 2024
21 November 2024