The need for financial assistance for developing nations to address the effects of the climate crisis and to transition to low-carbon economies continues to grow. But the specifics on how much and how to implement this have been the subject of intense negotiation.

At the 29th UN Climate Change Conference (COP29), what’s known as the New Collective Quantified Goal was agreed on after negotiators agreed to raise $300 billion a year in climate finance – triple the original $100 billion target – by 2035. However, this figure doesn’t account for inflation, and some feel it still falls short of what is needed to tackle the severity of the crisis.  

Podcast speakers:

• David Waskow, Director of the International Climate Initiative at the World Resources Institute, Washington, DC
• Harjeet Singh, Global Engagement Director of the Fossil Fuel Non-Proliferation Treaty Initiative, New Delhi
• Emily Morison, Project Lawyer, IBA Legal Policy & Research Unit

Listen on Audioboom