The main task for nearly 200 countries at the U.N.'s COP29 climate summit is to broker a deal that ensures up to trillions of dollars in financing for climate projects worldwide.

The impact of climate change was increasingly becoming evident in the form of unfolding disasters, New Delhi said at the conference on climate change in Baku.

India emphasizes at COP29 in Baku that climate finance must be provided by developed countries to support developing nations.

The world's top multilateral banks pledged to ramp up climate finance to low and middle income countries to $120 billion a year by 2030 as part of efforts at global talks in Azerbaijan on Tuesday to agree an ambitious annual target.

The first day of the World Leaders Climate Action Summit at COP29, held in Baku, Azerbaijan, on November 12 concluded with a significant announcement by leading multilateral development banks (MDBs).