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.

Richer countries have pledged to give a record $300bn (£238bn) to the developing world to help them prepare for and prevent climate change. The talks at the UN climate summit COP29 in Azerbaijan ran 33 hours late, and came within inches of collapse.

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.