At COP29, nations agreed on a deal to inject at least $300 billion annually in humanity's fight against climate change and to help poor countries cope.

In the wee hours Sunday at the United Nations climate talks, countries from around the world reached an agreement on how rich countries can cough up the funds to support poor countries in the face of climate change.

The financing plan, which calls for $300 billion per year in support for developing nations, was immediately assailed as inadequate by a string of delegates.

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 agreement, clinched in overtime at the two-week conference in Azerbaijan's capital, was meant to provide momentum for international efforts to curb global warming in a year destined to be the hottest on record.

The COP29 talks have laid bare the divisions between wealthy governments and developing nations reeling from the costs of storms, floods and droughts fueled by climate change.

The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed a $300 billion a year pledge from wealthy historic polluters as insultingly low.

A new draft of a deal on money to curb and adapt to climate change released Friday afternoon at the United Nations climate summit pledged $250 billion annually by 2035 from wealthy countries to poorer

A draft deal at the U.N. Climate Change Conference calls for wealthy nations to give developing ones $250 billion a year starting in 2035.

Tenuous hope for a deal for a giant funding package for poor nations to curb and adapt to climate change emerged late Saturday amid fractured United Nations climate talks, but opposition still remains among some developing nations.