A proposed deal on climate cash at UN summit highlights split between rich and poor nations

Associated Press

BAKU, Azerbaijan (AP) — A new draft of a deal on money to curb and adapt to climate change released Friday afternoon at the United Nations climate summit pledged $250 billion annually by 2035 from wealthy countries to poorer ones. The amount pleases the countries who will be doling out the money but not those in need. The amount is more than double the previous goal of $100 billion a year set 15 years ago, but it’s only a quarter for every dollar requested by poorer nations, struck hardest by extreme weather. The number is about the limit of what rich nations say they can do, promoting a figure in this range as realistic and a stretch for stingy democracies back home to stomach.