At COP29, nations agreed on a deal to inject at least $300 billion annually in humanity's fight against climate change and to help poor countries cope.

Wealthy countries pledged to provide $300 billion a year by 2035 to poorer countries to help them cope with the increasingly catastrophic impacts of the climate crisis — a figure many developing countries criticized as vastly insufficient.

In a late session at the United Nations climate talks, countries finally agreed on how rich nations can help poor ones in the face of climate change.

A new draft of a deal on money to curb and adapt to climate change released Friday afternoon at the United Nations climate summit pledged $250 billion annually by 2035 from wealthy countries to poorer ones.

Negotiators from nearly 200 nations made a nonbinding commitment that wealthy nations would aim to provide $300 billion annually by 2035 to help poorer nations.

At COP29, developing nations rejected what they called too little money to deal with climate change. They and United Nations reports say $1.3 trillion is needed.

Tenuous hope for a deal for a giant funding package for poor nations to curb and adapt to climate change emerged late Saturday amid fractured United Nations climate talks, but opposition still remains among some developing nations.

Developing nations at UN talks in Azerbaijan are rejecting a draft deal for a financial aid package to help them adapt to extreme weather and transition towards clean energy.