In the wee hours Sunday at the United Nations climate talks, countries from around the world reached an agreement on how rich countries can cough up the funds to support poor countries in the face of climate change.

Richer countries have pledged to give a record $300bn (£238bn) to the developing world to help them prepare for and prevent climate change. The talks at the UN climate summit COP29 in Azerbaijan ran 33 hours late, and came within inches of collapse.

The financing plan, which calls for $300 billion per year in support for developing nations, was immediately assailed as inadequate by a string of delegates.

Countries agreed on a deal to inject at least $300 billion annually in humanity's fight against climate change, aimed at helping poor nations cope with the ravages of global warming at tense United Nations climate talks in the city where industry first tapped oil.

United Nations climate negotiators agreed on a funding formula to help developing countries cope with the effects of climate change early Sunday in Azerbaijan after two weeks of intense negotiations.

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.

Splintered and rudderless after developing nations rejected what they called too little money to deal with climate change, United Nations talks dissolved into factions Saturday. (AP video by Olivia Zh

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.

The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed a $300 billion a year pledge from wealthy historic polluters as insultingly low.

United Nations climate talks adopted a deal to inject at least $300 billion annually in humanity’s fight against climate change, aimed at helping poor nations cope with the ravages of global warming in tense negotiations in the city where industry first tapped oil.

A draft deal at the U.N. Climate Change Conference calls for wealthy nations to give developing ones $250 billion a year starting in 2035.