Climate summit proposal agreement calls on rich countries to pay $250B a year

Climate proposal would see rich countries pay $250B a year The draft agreement comes with many uncertainties about which nations will provide how much financing to poorer countries, especially with a new Trump era looming in the U.S. Politico

BAKU, Azerbaijan — Organizers of the United Nations climate summit issued a draft agreement Friday that would see the U.S., EU and other wealthy governments provide $250 billion a year in climate finance to developing nations by 2035 — an amount that falls far short of the trillion-plus figure that the poorer countries had sought.

The agreement comes with many uncertainties about which nations would provide exactly how much money, especially with President-elect Donald Trump — who has scoffed at the reality of climate change and vowed steep cuts in government spending — about to take power in the U.S.

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