At the Copenhagen Climate Summit in 2009, countries that benefited included those in the Global South, particularly small island nations and least developed countries, which received financial pledges aimed at climate adaptation and mitigation. Developed nations committed to providing $100 billion annually by 2020 to support these vulnerable countries. Additionally, nations with robust carbon markets and clean technology sectors gained opportunities for investment and partnerships. However, the outcomes were mixed, with many critics arguing that the commitments were insufficient to address the urgency of climate change.
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