Wealthy nations agree to take the lead in helping developing countries shift to a low-carbon economy
The Australian government has been urged to “step up” and do more to address the climate crisis after it played a role in a contentious deal on global finance to help poor countries deal with the problem.
The Cop29 UN climate summit in the Azerbaijan capital of Baku ended at 4am on Sunday with a consensus agreement that developing countries would be paid at least US$300bn (A$460bn) a year in global climate finance by 2035 to help them shift to a low-carbon economy and adapt to the impacts of extreme weather.
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