Poorer nations are facing a challenging climate deal worth $300 billion after contentious discussions at COP29. The proposed agreement requires wealthier countries to contribute $250 billion annually.

There are uncertainties surrounding the commitments from various nations, especially with the potential shift in U.S. policy under a new Trump administration. Despite the global pledge made last year to transition away from fossil fuels, progress has stalled, and negotiations are struggling to reaffirm the 2023 agreement.

On the other hand, a coalition of governments, including the European Union, Canada, and Mexico, is moving forward with ambitious targets to reduce greenhouse gas emissions by 2035. However, many representatives from developing countries have expressed disappointment and may need to accept lower funding figures than initially sought as discussions at COP29 continue to drag on.