In the wee hours Sunday at the United Nations climate talks, countries from around the world reached an agreement on how rich countries can cough up the funds to support poor countries in the face of climate change.

Negotiators at this year’s United Nations climate summit, known as COP29, struck an agreement early yesterday to help developing countries adopt cleaner energy and cope with the effects of climate change. Under the deal, wealthy nations pledged to reach $300 billion per year in support by 2035, up from a current target of $100 billion.

At COP29, nations agreed on a deal to inject at least $300 billion annually in humanity's fight against climate change and to help poor countries cope.