A draft finance deal Friday at the U.N. COP29 climate and environment talks proposes wealthy nations give $250 billion a year to poorer nations in climate funding. Developing countries want more money.

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.

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.