Climate talks in Baku ended with a mix of urgency and delay, progress and frustration. But finance deal could be a game-changer.

The COP29 climate deal, agreed to Saturday evening in Baku, Azerbaijan, provides vital insights into the future of global climate cooperation. Why it matters: The finance agreement pleased virtually no one but proved multilateralism is ailing but not dead.

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.