Climate summit ends with a long-fought deal — and a lot of anger

By Sara Schonhardt, Zia Weise, Zack Colman, Karl Mathiesen | 11/23/2024 08:56 PM EST

Developing nations got a promise of at least $300 billion a year in climate finance from rich countries such as the U.S. and the EU’s members. They wanted far more.

Mohamed Adow, director of the think tank Power Shift Africa, is visible on a camera.

Mohamed Adow, director of the think tank Power Shift Africa, speaks to reporters Saturday during the COP29 climate summit in Baku, Azerbaijan. Peter Dejong/AP

BAKU, Azerbaijan — Countries agreed to a deal early Sunday that asks rich, developed nations to pay at least $300 billion a year by 2035 to help poorer countries shift their economies away from polluting fuels, bringing to a close two weeks of contentious talks that threatened at multiple points to fall apart.

It didn’t come easily, or without caustic criticism.

The figure is short of what developing countries had been calling for, and is not in line with the trillions that they’ll need over the next decade. But it was likely the best they could get at a time of geopolitical turbulence and hardening divides between wealthier and more impoverished nations, with a second Donald Trump era looming in Washington.

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Developing countries responded with a mix of acceptance and anger.

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