The COP29 climate summit concluded with a landmark agreement to triple annual funding for developing nations' climate initiatives.
Reaching the $300 billion annual target by 2035 represents a significant increase, but still falls short of expert estimates.
Independent assessments highlight the necessity of at least $1.3 trillion annually to effectively mitigate climate change.
The deal's reliance on private sector involvement to cover the shortfall raises concerns about its long-term feasibility and effectiveness.
