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The Guardian - UK
The Guardian - UK
Environment
Fiona Harvey, Patrick Greenfield, Dharna Noor and Adam Morton in Baku

Cop29: $250bn climate finance offer from rich world an insult, critics say

People looking at papers and laptops
The draft text of an agreement was published on Friday afternoon at Cop29 in Baku. Photograph: Peter Dejong/AP

Developing countries have reacted angrily to an offer of $250bn a year in finance from the rich world – considerably less than they are demanding – to help them tackle the climate crisis.

The offer was contained in the draft text of an agreement published on Friday afternoon at the Cop29 climate summit in Azerbaijan, where talks are likely to carry on past a 6pm deadline.

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