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The Independent UK
The Independent UK
National
Seth Borenstein

Big money to respond to climate change is key to UN talks in Baku. How can nations raise it?

COP29 Climate Summit - (Copyright 2024 The Associated Press. All rights reserved.)

Just as a simple lever can move heavy objects, rich nations are hoping another kind of leverage — the financial sort — can help them come up with the money that poorer nations need to cope with climate change.

It involves a complex package of grants, loans and private investment, and it's becoming the major currency at annual United Nations climate talks known as COP29.

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