The 29th edition of the Conference of the Parties on Climate Change began this Monday in Azerbaijan. Like previous editions, it would be primarily about money—a lot of it. What remains unclear is where the money is going to come from. That’s because while before the COPs talked about hundreds of billions, now we’re in the trillion ballpark.
Back in 2009, the developed members of the COP promised to give poorer members $100 billion annually to help them become greener and more climate-friendly. It did not go well. As Wood Mackenzie…COP29 Is About Money. Where Is It Going To Come From?
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