This year's U.N. climate summit delivered a deal on climate finance two days past deadline, after two weeks of tense negotiations.

Developing countries had hoped rich countries would commit $1.3 trillion each year to help them deal with the effects of climate change and to speed up the development of renewable energy

Climate negotiators on Sunday agreed to an annual finance target of 300 billion U.S. dollars to help poorer countries deal with the impacts of climate change by 2035, a key task of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29).