Cop29 summit: Decision awaited on funding package for poorer nations

Mukhtar Babayev, Cop 29 President, speaks during a plenary session (Rafiq Maqbool/AP)

Negotiators will soon decide whether to accept a proposed 300 billion dollar package for poorer nations to curb and adapt to climate change — a plan hammered out early on Sunday by the head of fractured United Nations climate talks.

The deal to be presented to nations of “at least 300 billion dollars by 2035” is a compromise between the 1.3 trillion a year developing countries seek to adapt to climate change and wean off fossil fuels and the current 100 billion amount.