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Wealthy countries' $300 billion offer seeks to end COP29 stalemate

By Economic Times - 22 hours ago
Wealthy nations at COP29 have increased their climate finance offer to developing countries to $300 billion annually by 2035. This follows criticism of an initial $250 billion proposal as insufficient. Developing nations, however, are pushing for $390 billion by 2035, highlighting the ongoing struggle to reach a consensus on climate funding.

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