The Conference of Parties (COP)29 climate summit in Baku, Azerbaijan, ended on a dramatic note as negotiators announced a pledge to triple annual climate finance to $300 billion by 2035, with an aspirational target of $1.3 trillion. For many nations in the Global South, including India, this was a bitter pill to swallow. The agreed figure fell far short of the $1.3 trillion annual goal by 2030 that developing countries had demanded. India, in particular, rejected the deal outright, calling it insufficient and inequitable.