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,

India, standing with the Global South, rejected the COP29 climate finance deal, deeming the $300 billion pledge by 2035 woefully inadequate. Indian negotiator Chandni Raina criticized developed nations for shifting the financial burden and undermining the principle of equity.

We are disappointed with the outcome which clearly brings out the unwillingness of the developed country parties to fulfil their responsibilities,” India’s Chandni Raina said.

India was the first country at COP29 to oppose the new climate finance goal of $300 billion annually by 2035 for developing countries for climate action

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.

UN climate talks in Baku concluded with a disappointing $300 billion per year climate finance pledge from developed nations by 2035, falling short of

BAKU, AZERBAIJAN - At the ongoing Cop29 conference in Baku, India has criticised a proposed deal that would see wealthy nations contribute 300-billion dollars annually in climate finance to developing countries.