Developed nations to pay $250 billion a year in draft climate conference plan

Published November 22, 2024 11:47am ET



The United Nations Climate Change Conference released a draft deal Friday requiring wealthier countries to provide $250 billion per year until 2035 to help developing countries tackle the effects of climate change and transition toward renewable energy.

The two-week conference in Azerbaijan, which started on Nov. 11, is in its final hours as negotiators scramble to strike a deal on climate finance. This year, the conference’s goal was to provide funding for poorer nations to respond to climate change.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.