The COP29 climate summit ran into overtime on Friday, after a draft deal that proposed developed nations take the lead in providing $250 billion in annual climate finance by 2035 drew criticism from all sides.

A new draft deal at UN climate talks Friday proposes rich nations commit $250 billion a year to help poorer nations combat global warming in a bid to break the

A COP29 draft climate finance agreement released on Friday proposed wealthy nations pay poorer countries $250 billion a year, until 2035, to fight climate change. It’s the first concrete number to be discussed in nearly two weeks of the conference in Baku,