Climate Cash Divides: Rich and Poor Nations at Odds

At the UN climate summit in Baku, Azerbaijan, a new draft deal proposed $250 billion annually for poorer nations to fight climate change. This amount, twice the previous goal, is seen as too low by developing countries who are hit hardest by extreme weather. The rich nations, however, argue it's the best they can do. The summit, where developing nations hope to pressure rich ones, has stirred controversy. Brazil suggested $390 billion by 2035, highlighting the wide gap in expectations.The proposal's lack of focus on reducing emissions has also raised eyebrows. Many developing countries and activists view the draft as insufficient and a disgrace, given the high costs of climate action. The EU and U. S. are criticized for not fully committing to the Paris Agreement. The deal's realism is defended by some, while others see it as a start to more climate action.