The two-week conference cut to the heart of the global debate over the financial responsibility of rich industrialised countries, who caused the bulk of greenhouse gas emissions.

BAKU: Countries at the COP29 summit in Baku adopted a US$300 billion global finance target to help poorer nations cope with the impacts of climate change, a deal roundly criticised by its int

Rich countries negotiating support for developing countries at the climate summit in Baku are prepared to pay 300 billion dollars a year in climate aid from 2035, sources told Reuters news agency. An earlier proposal mentioned 250 billion dollars a year, an amount that poor countries said was far too low.