Developing countries told to reject ‘bad deal’ as Cop29 talks falter

Talk of a walk-out from poor country groupings grows in response to ‘unacceptable’ and ‘insulting’ finance proposal

Developing countries were being urged by civil society groups to reject “a bad deal” at the UN climate talks on Friday night, after rich nations refused to increase an “insulting” offer of finance to help them tackle the climate crisis.

The stage is set for a bitter battle on Saturday over how much money poor countries should receive from the governments of the rich world, which have offered $250bn a year by 2035 to help the poor shift to a low-carbon economy and adapt to the impacts of extreme weather.