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Fitting Emerging Markets Into the Climate Puzzle

Until now they’ve been the missing part of climate-finance discussions. At COP27, they’re supposed to be “the centerpiece.”

California's Heat Crisis Shifts To Fires Raging Statewide
Photographer: Alex Edelman/Bloomberg

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Emerging markets have been the missing part of climate-finance discussions. This year they’re supposed to be “the centerpiece.”

Wednesday is “finance” day at COP27 in Sharm el-Sheikh, Egypt, when the conversation shifts to the financial toll of a warming world. This year, there is a particular focus on how to get as many countries and companies as possible to pay their fair share to slow the pace of climate change.