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climate finance deal reached at cop29 amid contentious negotiations
Nearly 200 countries reached a contentious agreement at COP29 in Azerbaijan to triple climate finance for developing nations, committing at least $300 billion annually by 2035. Despite the deal, which faced objections from India, many view it as inadequate to meet the urgent needs of vulnerable countries. The agreement aims to inform future emissions reduction commitments and highlights the ongoing challenges of global climate cooperation.
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