COP29 live: 0 billion contract for poorer countries saves UN climate talks from collapse
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COP29 live: $300 billion contract for poorer countries saves UN climate talks from collapse

A climate deal rescued from the jaws of defeatpublished at 00:12 Greenwich Mean Time

Jack Burgess
Live site editor in Baku

People applaud during a closing plenary meeting, at the United Nations Climate Change Conference COP29, in Bakuimage source, Reuters
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There have been some marathon days of negotiations at these talks

It was not the agreement that many wanted at these COP29 climate talks in Baku.

But there were times when it seemed like there would be no deal at all.

The new text, which was approved early Sunday morning in Azerbaijan, offers developing countries $300 billion (around £240 billion) a year by 2035 to help them fight climate change.

This was below the $1.3 trillion that poorer countries had asked for to help them fight the climate battle.

The deal came just hours after a dramatic moment when some of the countries most vulnerable to the effects of climate change walked out of a key meeting at the summit.

Delegates applaud during a closing plenary session at the COP29 UN climate conference in Baku, Azerbaijanimage source, Reuters
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Many delegates rose to applaud after the deal was finally approved

The deal also repeats the wording in last year’s major COP28 agreement, which called for a global transition away from fossil fuels for the first time.

This is something that many countries had worried would be missing from the final text.

This year’s summit was supposed to end on Friday but went ahead, as has seemingly become something of a tradition at these annual talks.

COP29 President Mukhtar Babayev attends a closing plenary session at the UN Climate Change Conference COP29 in Bakuimage source, Reuters
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COP President Mukhtar Babayev imagined moments after approving the deal

It has been a very busy couple of weeks with little sleep the past few days for many in this conference center.

But before we go get some much-needed rest, here are some stories for you to keep reading:

This page was edited by Malu Cursino, Matt Spivey, Greg Brosnan in London and myself in Baku.

It was written by our climate and science team at COP29.