, Columnist
An Energy-Abundant World Needs More Clean Power
We need richer developing nations to play a bigger role in the climate finance system.
Engaging the developing world in climate financing.
Photographer: Xinhua News Agency/Getty Images
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The answer to the question of why rich countries have always been asked to provide the money to help tackle climate change has always been a little similar to Willie Sutton’s explanation for why he robbed banks: “That’s where the money is.”
For decades, it’s been a major side-plot of every international climate conference: How much cash do emerging economies need to cope with global warming? And how much are Europe, North America, Oceania and Japan going to offer?