It’s not near the $1.3 trillion developing countries were asking for, but it’s three times the 2009 deal that is expiring.

United Nations climate negotiators agreed on a funding formula to help developing countries cope with the effects of climate change early Sunday in Azerbaijan after two weeks of intense negotiations.

By Kate Abnett, Valerie Volcovici and Karin Strohecker BAKU (Reuters) -Developed nations should pay $300 billion a year by 2035 to help poorer countries deal with climate change, according to a new draft deal from U.