A long-anticipated agreement on the financial support for vulnerable nations battling the impacts of climate change fell short of the $1.3 trillion per year target that had been called for.
Throughout the two-week conference, developing countries had urged the wealthier nations to raise $1.3 trillion annually by 2035 to assist in combating climate change, including a substantial portion of public funds.
The target was seen as essential to help finance the necessary adaptation and mitigation measures, particularly in low-income countries most affected by climate disasters.
These nations had originally sought $600 billion in public finance, with the remainder raised from private investments.
However, the final agreement unveiled at COP29 sets a much lower target. It includes a "core" goal of $250 billion per year by 2035, with the hope that this will come from a mix of public and private sources.
This figure, while an improvement on the previous $100 billion target set under the Paris Agreement, has been met with outrage by many of the poorer nations in-volved in the talks.
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