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climate finance offer rises to 300 billion amid COP29 negotiations
Developed countries are reportedly willing to increase their climate finance offer to $300 billion annually by 2035, up from a previous $250 billion, though this remains below the $390 billion proposed by Brazil. Meanwhile, a decision on the location for COP31 in 2026 is stalled between Australia and Turkiye, with both nations vying to host the summit.
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