The COP29 United Nations climate conference is coming to a close in Baku, Azerbaijan, after more than a week of discussions. Follow news and live updates.

The financing plan, which calls for $300 billion per year in support for developing nations, was immediately assailed as inadequate by a string of delegates.

Countries agreed on a deal to inject at least $300 billion annually in humanity's fight against climate change, aimed at helping poor nations cope with the ravages of global warming at tense United Nations climate talks in the city where industry first tapped oil.

At COP29, nations agreed on a deal to inject at least $300 billion annually in humanity's fight against climate change and to help poor countries cope.

Negotiators from nearly 200 nations made a nonbinding commitment that wealthy nations would aim to provide $300 billion annually by 2035 to help poorer nations.

United Nations climate negotiators agreed on a funding formula to help developing countries cope with the effects of climate change early Sunday in Azerbaijan after two weeks of intense negotiations.

Wealthy countries pledged to provide $300 billion a year by 2035 to poorer countries to help them cope with the increasingly catastrophic impacts of the climate crisis — a figure many developing countries criticized as vastly insufficient.

The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed a $300 billion a year pledge from wealthy historic polluters as insultingly low.

A draft deal at the U.N. Climate Change Conference calls for wealthy nations to give developing ones $250 billion a year starting in 2035.

Tenuous hope for a deal for a giant funding package for poor nations to curb and adapt to climate change emerged late Saturday amid fractured United Nations climate talks, but opposition still remains among some developing nations.