A hard-fought agreement at the COP29 climate summit will significantly increase funding for developing nations' climate action.
Wealthy countries committed to providing $300 billion annually by 2035, a substantial rise from the current $100 billion target.
However, independent analyses suggest that a far greater investment of $1.3 trillion yearly is actually needed.
The deal includes a reliance on private investment to bridge the funding gap, a point of contention among some delegates.
