A draft finance deal Friday at the U.N. COP29 climate and environment talks proposes wealthy nations give $250 billion a year to poorer nations in climate funding. Developing countries want more money.

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.

The rejected proposal raised an existing commitment of $100 billion a year from rich nations but fell well short of what experts say developing nations need.

Negotiators at COP29 are trying to close the gap between the $1.3 trillion the developing world says is needed and the few hundred billion that richer nations have been prepared to pay.

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

A new draft text released early Thursday which will form the basis of any deal reached at United Nations climate talks on money for developing countries to transition to clean energy and adapt to climate change left out a

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.

A new draft finance deal delivered to harried negotiators in Baku on Friday – the final scheduled day for the UN climate talks that have been under way for the past two weeks – proposes rich countries commit $250 billion a year to help vulnerable nations cope with our warming planet and to accelerate the global switch to renewable energy.

A new draft deal at UN climate talks Friday proposes that rich nations commit $250 billion a year to help poorer nations combat global warming in an 11th-hour bid to break the deadlocked negotiations.