Nations Spar on $250 Billion Climate Vow as COP29 Nears End.

Nearly 200 nations are in negotiations over a $250 billion international funding deal to assist poor countries in combating climate change at the COP29 talks in Azerbaijan. The proposal calls for rich nations to lead in providing the funding annually by 2035 through various sources, including public finance and bilateral deals. Climate advocates in developing nations have criticized the plan as insufficient, while the conference is expected to run into overtime as delegates work towards a potential agreement. The draft also addresses the issue of contributions from developing countries and aims to reach a compromise on climate financing. [Extracted from the article]