The COP29 climate deal, agreed to Saturday evening in Baku, Azerbaijan, provides vital insights into the future of global climate cooperation. Why it matters: The finance agreement pleased virtually no one but proved multilateralism is ailing but not dead.

COP29 President Mukhtar Babayev's preparation for different outcomes at the divisive summit in Azerbaijan reflected what many had already known before it began: the Baku climate talks were never going to go smoothly.

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