After two weeks of intense negotiations, delegates at the UN climate summit in Baku, known as COP29, agreed late on Saturday to provide funding for developing countries to combat and adapt to climate change.
Historic wealthy emitters offered climate finance worth $300 billion a year by 2035, far lower than developing countries hoped for.
Also included in the agreement was a broader goal of raising $1.3 trillion in climate finance annually by 2035.
This would include funding from both public and private sources, which economists say matches the sum needed every year to address global warming.