The COP29 climate summit in Baku concluded with a $300 billion finance plan to help developing nations cope with the costs of global warming over the next decade. The deal was praised by COP29 President Mukhtar Babayev as a breakthrough, but many of the intended recipients criticized it as inadequate. The summit was marked by low expectations due to concerns over the US withdrawal from global climate cooperation, geopolitical turmoil, and isolationist politics. The slow pace of progress in reducing global emissions has also raised tensions and calls for reform.