It was only on the last scheduled day of two weeks of negotiations at the UN Cop29 climate summit that developed countries put a financial commitment on the table for the first time.
In reality, this offer took not just two weeks of talks to prepare, but nine years - since article 9 of the Paris agreement in 2015 made it clear that the rich industrialised world would be obliged to supply cash to developing countries to help them tackle the climate crisis.
When it finally arrived on Friday, the initial offer of $250bn (£200bn) a year by 2035 was widely derided as too low. Early the following morning, the countries raised the figure to $300bn, which ended up being accepted, albeit amid acrimony and cries of "betrayal".
This story is from the November 25, 2024 edition of The Guardian.
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This story is from the November 25, 2024 edition of The Guardian.
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