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

Countries at the COP29 summit in Baku adopted a $300 billion a year global finance target on Sunday to help poorer nations cope with impacts of climate change, a deal its intended recipients criticised as woefully insufficient.

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.