The biggest deal to date to forge the kind of private-public sector low-carbon collaboration sought at U.N. climate talks promises $20 billion to shut down Indonesian coal-fired power plants - and it's a drop in the ocean.
Estimates of how much external funding emerging nations need to adapt to the ravages of climate change are around $1 trillion a year by 2030, one report released during the COP27 conference that ended at the weekend found.
