The COP29 summit in Baku has encountered difficulties in global climate negotiations, with developed nations committing only $300 billion in climate funding by 2035.

The agreement has been criticized by India's representative, Chandni Raina, who referred to it as an "optical illusion," highlighting the reluctance of developed countries to fulfill their responsibilities towards the Global South.

After two weeks of intense discussions, the final document outlined a broader goal of $1.3 trillion annually in climate finance, which includes private investments and innovative financing. However, the commitment from developed nations has faced criticism from various countries and activists, who argue that it does not adequately address the urgent climate crisis.

Tensions escalated during negotiations over the New Collective Quantified Goal (NCQG), resulting in a temporary walkout by the alliance of small island states and least developed countries, which later rejoined the talks.