Cop29 ground out a last-minute compromise deal on Saturday night that offers at least $300 billion (£240 billion) per year by 2035 to help poorer countries confront global warming and allows China’s contributions to remain voluntary.

Nearly 200 countries rescue climate deal from jaws of defeat after UN's COP29 summit ran into overtime in Baku.

Climate talks reach finance deal blasted as inadequate by developing nations. BAKU, Azerbaijan — Negotiators from nearly 200 countries agreed Saturday night in a nonbinding commitment that wealthy nations would aim to provide at least $300 billion annually by 2035 to help poorer nations suffering the most from climate change.

The European Union, United States and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to $300 billion per year by 2035, sources told Reuters on Saturday.

By Kate Abnett, Valerie Volcovici and Karin Strohecker BAKU (Reuters) -Countries at the COP29 summit in Baku adopted a $300 billion global finance target to help poorer nations cope with the impacts of climate change,

Countries agreed to a hard-fought COP29 deal to provide $300 billion in annual climate finance by 2035. But while some delegates reacted to the agreement's early Sunday with a standing ovation, others voiced anger and lambasted wealthy nations for not doing more.