The agreement was meant to provide momentum for efforts to curb global warming in a year destined to be the hottest on record. Instead it left developing countries frustrated.

The COP29 summit in Azerbaijan has reached an agreement to provide at least $1.3 trillion annually through 2035 to poorer countries to help them fight climate change, with at least $300 billion to come from mainly industrialized nations.

The new USD 300 billion climate finance package for the Global South at COP29 faces criticism, with LDCs and AOSIS expressing dissatisfaction and concerns about its implementation.