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Salon
Salon
Science
Blanca Begert

Trillions needed to fight climate change

US President Joe Biden delivers a speech during the 2022 United Nations Climate Change Conference, more commonly known as COP27, at the Sharm El Sheikh International Convention Centre, in Egypt's Red Sea resort of Sharm El Sheikh, Egypt on November 11, 2022. (Mohamed Abdel Hamid/Anadolu Agency via Getty Images)

In 2009, when representatives from around the world gathered in Copenhagen, Denmark to discuss global action on climate change, wealthy countries pledged $100 billion a year to help developing nations adapt to the impacts of rising temperatures and curb carbon emissions. 

The number was arbitrary, tossed into the fray by then-Secretary of State Hillary Clinton as tensions rose over rich countries' responsibility to pay for the problem they had largely caused. But it stuck, and 2020 was set as a goal for delivering the funds.

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