At COP29 in Azerbaijan, major development banks, including the World Bank, pledged to increase funding to poor and middle-income countries for climate change initiatives to $120 billion by 2030, marking a 60% rise from 2023 levels. Irish Climate Minister Eamon Ryan welcomed this commitment but emphasized that additional contributions from nations and companies are crucial. China's Vice Premier Ding Xuexiang highlighted Beijing's mobilization of around $24.5 billion in support for developing nations. However, the effectiveness of these efforts may be undermined by the United States' potential withdrawal from international climate agreements under President-elect Donald Trump. Developing countries are pressing for significant commitments from wealthy nations, which have historically contributed the most to global warming. As climate impacts intensify globally, leaders are calling for urgent action to meet climate goals and address the ongoing crisis.