Money Talks Why Climate Finance At Cop27 Is Key To Beating Global Warming Climate Finance
The initial amounts involved are just one month’s worth of fossil fuel industry profits. But experts say the failure so far to deliver the promised funding has eroded international trust so much that it could undermine the entire UN process – the only global forum to combat global warming. The most pressing issue will be “loss and damage,” the new funding from rich, polluting countries needed to bail out and rebuild poorer communities after climate disasters they’ve barely caused....