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Countries Are Pledging Money They Don’t Control at COP29

Bloomberg reports that negotiators at the UN climate summit need to find trillions of dollars — and they’re increasingly turning to private capital, rather than governments.
Countries Are Pledging Money They Don’t Control at COP29
Over the next two weeks, nearly 200 countries participating in United Nations climate talks in Azerbaijan will negotiate a new, possibly multi-trillion-dollar annual finance goal to help the world’s poorest economies decarbonize and adapt to rising temperatures. But even though nations are doing the talking, much of the money isn’t going to be coming from governments. Developed countries, feeling cash-strapped... ...

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