COP29 Climate Summit: Generous Pledge, Glaring Gaps

At the Baku COP29 summit, wealthy nations vowed to dole out $300 billion annually by 2035 to help poorer countries tackle climate change—a triple boost from the previous $100 billion goal. However, experts point out the real need is $1.3 trillion each year. Adding spice to the stew, President-elect Donald Trump’s climate skepticism casts a shadow, while China and other developing nations hint at chip-in contributions. Meanwhile, vulnerable countries aren’t exactly popping champagne over the lack of fossil fuel commitments.