I'm glad we got a deal at Cop29 – but western nations stood in the way of a much better one | Mukhtar Babayev

Under the terms of the Baku breakthrough, the world’s industrialised nations will provide $ 300bn ( 240bn ) combined with resources from multilateral lending institutions and the private sector will reach $ 1.3tn in climate financing this year .

The deal may be imperfect, but it is a major step forward from the $100bn pledged in Paris back in 2015 .

There was a deal at Cop29 because the people of the world demanded one, says Mukhtar Babayev .

The task of the Cop29 presidency does not end here. There are another six months before we hand over to Brazil as hosts and lead negotiators of Cop30 .