At COP29, developed nations pledged $300 billion annually by 2035 for developing countries to combat climate change. While leaders from the Global North hailed this as a significant increase from previous commitments, developing nations criticized it as insufficient. Concerns were raised about the feasibility of the pledge, with many rich countries not yet committing specific amounts. Analysts suggest that the new target may not represent a real increase in funding, as it could rely on reallocated existing aid rather than new contributions. Additionally, inflation could significantly reduce the real value of the pledged funds by 2035.