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The Guardian - UK
The Guardian - UK
Environment
Fiona Harvey, Adam Morton, Dharna Noor and Damian Carrington

Cop29 agrees $1.3tn climate finance deal but campaigners brand it a ‘betrayal’

Cop29 president Mukhtar Babayevat at the closing plenary meeting
Cop29 president Mukhtar Babayevat at the closing plenary meeting. Azerbaijan was strongly criticised for its running of the talks. Photograph: Murad Sezer/Reuters

Rich and poor countries concluded a trillion-dollar deal on the climate crisis in the early hours of Sunday morning, after marathon talks and days of bitter recriminations ended in what campaigners said was a “betrayal”.

Under the target the developing world should receive at least $1.3tn (£1tn) a year in funds to help them shift to a low-carbon economy and cope with the impacts of extreme weather, by 2035.

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