The main task for nearly 200 countries at the U.N.'s COP29 climate summit is to broker a deal that ensures up to trillions of dollars in financing for climate projects worldwide.

Landing a new agreement to boost money for climate action in developing countries is the summit's top priority. Read more at straitstimes.com.

The first day of the World Leaders Climate Action Summit at COP29, held in Baku, Azerbaijan, on November 12 concluded with a significant announcement by leading multilateral development banks (MDBs).

The world's top multilateral banks pledged to ramp up climate finance to low and middle income countries to $120 billion a year by 2030 as part of efforts at global talks in Azerbaijan on Tuesday to agree an ambitious annual target.