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climate change, Baku and united nations
Money to respond to climate change is key to UN talks in Baku. Nations are finding ways to raise it
Money is the key issue in Baku, where negotiators are working on a new amount for aid to help developing nations transition to clean energy, adapt to climate change and deal with weather disasters. It’ll replace the current goal of $100 billion annually — a goal set in 2009.
Big Money to Respond to Climate Change Is Key to UN Talks in Baku. How Can Nations Raise It?
It involves a complex package of grants, loans and private investment, and it's becoming the major currency at annual United Nations climate talks known as COP29. But poor nations worry they’ll get the short end of the lever: not much money and plenty of debt.
COP29: How nations plan to raise money to respond to climate change
Negotiators are fighting over three big parts of the money issue: How big the numbers are, how much is grants or loans, and who pays.
As talks in Baku cross the halfway point, nations are no closer to a goal on cash for climate action
Distractions were bigger than deals in the first week of United Nations climate talks, leaving a lot to be done, especially on the main issue of money.
Nations are seeking ways to raise the big money needed to tackle climate change
Just as a simple lever can move heavy objects, rich nations are hoping another kind of leverage — the financial sort — can help them come up with the money that poorer nations need to cope with climate change.
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