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International Business Times
International Business Times
Science

Doubts Over Climate Funding As Donors Squeeze Aid

Rich nations agreed at the UN COP29 summit in November 2024 to provide $300 billion a year in climate finance for poorer countries by 2035 (Credit: AFP)

There are growing doubts about a pledge by rich nations to provide more climate finance to poorer nations, as foreign aid budgets are slashed and the US guts environmental spending.

Richer nations committed at the UN COP29 summit in November to boost spending on climate action in developing countries to $300 billion a year by 2035, an amount decried as woefully inadequate.

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