India, standing with the Global South, rejected the COP29 climate finance deal, deeming the $300 billion pledge by 2035 woefully inadequate. Indian ne

India gave a fiery speech after the COP29 talks approved a new climate finance goal, suggesting rich nations are failing

The COP29 UN climate talks wrapped up on Sunday with a disappointing outcome on climate finance, as wealthier nations agreed to mobilize only $300 billion annually by 2035 for developing countries. This fund would come from a mix of public and private sources,

Climate advocates say the package on mitigation, adaptation and finance fails to deliver on the promises of the Paris Agreement, come calling it "insulting" and a "joke"

Calling the proposed amount of $300 billion a year an "optical illusion", an Indian representative at COP 29 said that it wouldn't address the real climate challenges and added that it reflects the unwillingness of the developed country parties to fulfil their responsibilities.

The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed a $300 billion a year pledge from wealthy historic polluters

The NCQG's $300 billion annual target by 2035 triples prior commitments but falls short of the $1.3 trillion demanded by developing nations COP29 achieved consensus on operationalising carbon markets under Article 6 of the Paris Agreement.

Expectations for a deal were depressed by worries of a looming US withdrawal from global climate cooperation, geopolitical turmoil, and a rise of isolationist politics that had shunted climate change.

After COP29 extended into the weekend due to an impasse, the delegates at the annual UN climate change conference have finally reached agreement on climate finance. Many developing nations believe they are being short changed.