11/19/2024

Money to Respond to Climate Change is Key

Here’s how nations are raising it

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.

But poorer nations worry they’ll get the short end of the lever: not much money and plenty of debt.

Please select this link to read the complete article from The Associated Press.