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flag Developing nations demand urgent climate finance, citing insufficient funds despite delayed $100 billion pledge.

flag Developing nations at the U.N. General Assembly accused wealthy countries of failing to deliver on climate finance promises, warning that insufficient funding hampers efforts to combat rising sea levels, droughts, and extreme weather. flag Despite meeting the $100 billion annual target in 2022—two years late—many developing countries say it falls far short, with experts estimating $1 trillion in annual climate finance is needed by 2030. flag New pledges of $300 billion by 2035 were criticized as inadequate. flag Leaders from island nations and Africa highlighted climate-driven migration, national budget strain, and the urgent need for faster, simpler access to funds. flag The U.S. has fluctuated on commitments, while Germany met its 2024 climate finance goal and China pledged emission cuts by 2035, deemed insufficient by the EU. flag Record global temperatures in 2023 exceeded the 1.5°C threshold, intensifying the crisis.

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