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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.
India urges developed nations to enhance technology transfer for climate action
India has urged developed nations to eliminate barriers to technology transfer and enhance public climate finance during the UN climate talks in Baku. Environment Secretary Leena Nandan emphasized the importance of making innovative technologies accessible to developing countries and called for rich nations to lead in emission reductions and achieving net-zero by 2030 for a sustainable future.
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