Developed countries made a final offer of USD 300 billion annually by 2035 to help developing countries tackle climate change, hours after two groups of the world's most climate-vulnerable countries stormed out of the negotiating room at COP29 here.
The offer is part of the draft deal on a new climate finance package for developing nations, or the New Collective Quantified Goal (NCQG), which will be put before countries for approval in a plenary session shortly.
The USD 300 billion figure, however, is a far cry from the USD 1.3 trillion the Global South has been demanding in the three years of talks.
The story "Rich nations offer $300 billion annually after 10 years to Global South" has 546 words across 33 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "Rich nations offer $300 billion annually after 10 years to Global South" was covered 5 hours ago by Business Standard, a news publisher based in India.
How trustworthy is 'Business Standard' news outlet?
Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.
The outlet is headquartered in India and publishes an average of 136 news stories per day.
It's most recent story was published 3 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
