Wealthy nations raised their offer for climate finance for poorer nations to $300 billion Saturday at COP29 negotiations, with growing doubts that all countries will leave happy with the outcome.

Developing economies, especially African nations and small island states, are understood to be very unhappy with current proposals.

As nerves frayed and the clock ticked, negotiators from rich and poor nations were huddled in one room Saturday during overtime United Nations climate talks to try to hash out an elusive deal on money for developing countries to curb and adapt to climate change.

A draft deal at the U.N. Climate Change Conference calls for wealthy nations to give developing ones $250 billion a year starting in 2035.

A new draft of a deal on money to curb and adapt to climate change released Friday afternoon at the United Nations climate summit pledged $250 billion annually by 2035 from wealthy countries to poorer

The United Nations’ annual climate talks are pushing into overtime under a cloud of anger and disappointment as negotiators are well short of a deal on money for developing nations to curb and adapt t

The United Nations Climate Change Conference released a draft deal Friday requiring wealthier countries to provide $250 billion per year until 2035 to help developing countries tackle the effects of climate change and transition toward renewable energy.

The European Union on Saturday raised an offer by rich nations to help poor countries worst hit by climate change to $300 billion a year in a bid to salvage talks that the developing world warned were on the brink of collapse.