A US$1.3 trillion dollar deal has been reached at the COP29 U.N. Climate Summit in Azerbaijan to provide funding for developing countries to combat climate change.
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00:00A deal has been reached at the COP29 UN climate summit in Azerbaijan to provide funding for
00:06developing countries to combat climate change.
00:10The agreements will provide developing countries with 1.3 trillion US dollars every year.
00:16But many participants say they're not satisfied with the outcome, which will see less than
00:21a quarter of the money come directly from developed nations as grants and loans.
00:26The rest is expected to come from private investors or future levies on fossil fuels.