Money is the most contentious subject at the international climate talks this week in Baku, Azerbaijan. Getting big cash commitments is harder due to ongoing crises.
Several creative ideas are circulating to raise money for countries to invest in renewable energy and adapt to climate change dangers, but they come with steep hurdles.
The traditional way of raising money... has failed to meet the need. The last time a climate finance goal was established... rich countries promised to mobilize $100 billion.
They were two years late in meeting that target, and about 70 percent of the money came as loans, infuriating already heavily indebted countries.
Collection
[
|
...
]