This eight-part podcast series examines the Paris Agreement ten years on, featuring global climate leaders discussing progress, challenges, and the dramatic shift in power towards emerging economies. The series explores how multilateral cooperation has evolved despite geopolitical fractures, from industrial transformation and innovative financing to the changing rules of climate leadership. This episode focuses on finance and explains why money remains the central issue in the fight against climate change. The podcast is based on 28 interviews carried out globally by journalist Sophie Larmoyer on behalf of IDDRI, the Institute for Sustainable Development and International Relations.
Rich countries pledged $100 billion annually in 2009 to help developing nations tackle climate change. By COP29 in 2024, that target rose to $300 billion. Yet experts now say we need $1.3 trillion per year.
