India was the first country at COP29 to oppose the new climate finance goal of $300 billion annually by 2035 for developing countries for climate action

Climate advocates say the package on mitigation, adaptation and finance fails to deliver on the promises of the Paris Agreement, come calling it "insulting" and a "joke"

We are disappointed with the outcome which clearly brings out the unwillingness of the developed country parties to fulfil their responsibilities,” India’s Chandni Raina said.

Calling the proposed amount of $300 billion a year an "optical illusion", an Indian representative at COP 29 said that it wouldn't address the real climate challenges and added that it reflects the unwillingness of the developed country parties to fulfil their responsibilities.

Richer countries have pledged to give a record $300bn (£238bn) to the developing world to help them prepare for and prevent climate change. The talks at the UN climate summit COP29 in Azerbaijan ran 33 hours late, and came within inches of collapse.

COP29: Wealthy countries agreed to a climate deal, pledging $300 billion annually by 2035 to support poorer nations. India’s representative criticized the amount as insufficient in addressing the climate crisis.

BAKU, AZERBAIJAN - At the ongoing Cop29 conference in Baku, India has criticised a proposed deal that would see wealthy nations contribute 300-billion dollars annually in climate finance to developing countries.

Western leaders welcomed the deal, as US President Joe Biden says the world is "one significant step closer" to achieving climate goals.

The summit, initially scheduled to conclude on Friday evening, extended into early Sunday due to prolonged negotiations.