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Developing countries require at least $1 trillion annually by the end of the decade to address climate change, as highlighted in recent U.N. talks. Progress on financial agreements between richer and poorer nations remains slow, with key issues still unresolved just before the COP29 summit concludes in Baku. Climate diplomacy expert Li Shuo noted that the latest finance text reflects a significant divide, indicating that a consensus is still far off.
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