Calling the proposed amount of $300 billion a year an "optical illusion", an Indian representative at COP 29 said that it wouldn't address the real climate challenges and added that it reflects the unwillingness of the developed country parties to fulfil their responsibilities.

COP29 concluded with a contentious agreement for wealthy nations to provide $300 billion annually by 2035 to help developing countries address the climate crisis. While hailed as progress, the deal was criticized by many vulnerable nations as inadequate.

BAKU, AZERBAIJAN - At the ongoing Cop29 conference in Baku, India has criticised a proposed deal that would see wealthy nations contribute 300-billion dollars annually in climate finance to developing countries.

The summit, initially scheduled to conclude on Friday evening, extended into early Sunday due to prolonged negotiations.