Rich nations offer $250 billion on climate action, developing nations say it's not enough

Rich nations have proposed providing $250 billion annually by 2035 to help vulnerable nations deal with the effects of climate change. This proposal is lower than the $1.3 trillion annually requested by vulnerable nations. The offer has been rejected by poorer countries, who consider it too low. The disagreement between richer and poorer nations has led to a delay in negotiations, potentially causing the talks to overrun into the weekend. The $250 billion proposal is less than a quarter of the amount requested by developing nations.