Negotiators at the COP29 climate summit in Baku, Azerbaijan, have reached a landmark agreement to provide $300 billion annually by 2035 to help developing countries address the impacts of climate change. The deal, finalized after an extension of talks, triples the previous commitment of $100 billion. However, the agreement has faced immediate scrutiny. While wealthy nations and the European Union described the target as ambitious and realistic given current fiscal constraints, representatives from several developing countries and island nations expressed disappointment, arguing the figure is insufficient to meet the trillions needed for a full energy transition. Supporters of the deal emphasize that it establishes a clear roadmap for private and public sector mobilization. Conversely, critics warn that the lack of more immediate, larger-scale funding could slow global efforts to meet the Paris Agreement goals. The summit concluded with a pledge to revisit these targets in future sessions, highlighting the ongoing tension between economic capacity and environmental urgency.