Democracy Dies in Darkness

Draft deal at COP29 calls for rich nations to give $250 billion a year by 2035

The latest proposal at the U.N. Climate Change Conference marks progress, but developing countries called it insufficient.

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Activists with painted hands protest fossil fuel use and advocate for climate finance Friday at the climate conference in Baku, Azerbaijan. (Sean Gallup/Getty Images)
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BAKU, Azerbaijan — Diplomats here unveiled a strategy Friday for marshaling at least $250 billion annually toward the enormous task of helping poorer countries cope with the damage wrought by global warming.

The strategy, outlined in a draft deal released at the U.N. Climate Change Conference, signaled that negotiators from nearly 200 nations were making progress toward a final agreement at the summit — even if it does not satisfy all parties.