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Standing ovation as long awaited climate finance deal agreed

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There was a standing ovation as a brand new finance deal was authorized on the COP29 summit in Baku, Azerbaijan.

The new deal affords $300bn (about £240bn) a 12 months to creating nations by 2035.

As COP President Mukhtar Babayev’s gavel struck for the brand new deal, applause stuffed the room.

The local weather summit overran by greater than 32 hours, ending at practically 03:00 native time (23:00 GMT), and it had been feared {that a} deal wouldn’t be agreed.

Just hours earlier representatives for the Alliance of Small Island States walked out of talks, dismissing an earlier supply of $250bn.

LIVE: Latest reaction and analysis on $300bn climate deal

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