A new draft of a deal on money to curb and adapt to climate change released Friday afternoon at the United Nations climate summit pledged $250 billion annually by 2035 from wealthy countries to poorer

Negotiators at COP29 are trying to close the gap between the $1.3 trillion the developing world says is needed and the few hundred billion that richer nations have been prepared to pay.

A draft deal at the U.N. Climate Change Conference calls for wealthy nations to give developing ones $250 billion a year starting in 2035.