COP29 ends with $300bn a year deal but is it enough? 5 key takeaways from Baku

In the early hours of Sunday morning it was finally agreed that rich countries will pay developing countries $300 billion a year by 2035 to help them cope with the effects of the climate crisis.

Earlier in the climate talks, held in Azerbaijan, it had been agreed that the most vulnerable countries need $1.3 trillion a year to adapt to and combat the consequences of climate change. So the final figure has been criticised by many. 

India accused the COP presidency of agreeing the "paltry sum" without hearing the country's opposition to it. Nigeria called the figure a "joke". And Malawi said that for the least developed countries it was "not ambitious". 

Others say that any deal is better than no deal, considering it had looked like negotiations could collapse after developing countries walked out of the room when $300bn was proposed, saying their "needs are known" and "they are being ignored". 

Here we sum up the key takeaways from the two weeks of climate talks. 

Experts have already come out and said that the COP deal means nothing if countries don’t stump up the cash. 

The deal states that the $300 billion will come from “all public and private sources”. Under a framework established by the UN in 1992, 23 developed countries - plus theEuropean Union - who are historically responsible for the most planet-heating emissions are obliged to contribute to climate finance.

Alongside governments,there is an expectation that international mega-banks, like the World Bank, will help foot the bill. And it means, hopefully, that companies and private investors will follow suit on channelling cash toward climate action.

As Simon Stiell, executive secretary of UN Climate Change, put it: "This new finance goal is an insurance policy for