The Conference of Parties (COP)29 climate summit in Baku, Azerbaijan, ended on a dramatic note as negotiators announced a pledge to triple annual climate finance to $300 billion by 2035, with an aspirational target of $1.

The COP29 UN climate talks wrapped up on Sunday with a disappointing outcome on climate finance, as wealthier nations agreed to mobilize only $300 billion annually by 2035 for developing countries. This fund would come from a mix of public and private sources,

India gave a fiery speech after the COP29 talks approved a new climate finance goal, suggesting rich nations are failing

We are disappointed with the outcome which clearly brings out the unwillingness of the developed country parties to fulfil their responsibilities,” India’s Chandni Raina said.

India was the first country at COP29 to oppose the new climate finance goal of $300 billion annually by 2035 for developing countries for climate action

Climate advocates say the package on mitigation, adaptation and finance fails to deliver on the promises of the Paris Agreement, come calling it "insulting" and a "joke"

COP29: Wealthy countries agreed to a climate deal, pledging $300 billion annually by 2035 to support poorer nations. India’s representative criticized the amount as insufficient in addressing the climate crisis.

Calling the proposed amount of $300 billion a year an "optical illusion", an Indian representative at COP 29 said that it wouldn't address the real climate challenges and added that it reflects the unwillingness of the developed country parties to fulfil their responsibilities.

India, standing with the Global South, rejected the COP29 climate finance deal, deeming the $300 billion pledge by 2035 woefully inadequate. Indian negotiator Chandni Raina criticized developed nations for shifting the financial burden and undermining the principle of equity.

The summit, initially scheduled to conclude on Friday evening, extended into early Sunday due to prolonged negotiations.