Activists hold a silent protest against the draft agreement, during the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan November 22, 2024. REUTERS/Murad Sezer
BAKU (Reuters) -Countries agreed on Sunday to an annual finance target of $300 billion to help poorer countries deal with the impacts of climate change, with rich countries leading the payments, according to a hard fought deal clinched at the COP29 conference in Baku.
The new goal is intended to replace developed countries' previous commitment to provide $100 billion per year in climate finance for poorer nations by 2020. That goal was met two years late, in 2022, and expires in 2025.
