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COP29 concluded in Baku with an agreement requiring developed countries to provide $300 billion annually for climate finance to developing nations by 2035, falling short of the hoped-for $1.3 trillion. The agreement leaves unclear who will fund this commitment, with China making a voluntary contribution without obligation. While some view the agreement as a step forward, many climate-vulnerable nations express disappointment, deeming the outcome inadequate for their needs.
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