As COP26 takes on finance, the world haggles over climate funding

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Wednesday’s COP26 theme is finance, with delegations, nonprofits and other stakeholders gathering to discuss — and haggle over — the economics of climate action

to development banks, to “explore all options” to help fund the climate transition in developing countries. “The next five years are crucial,” it said, “starting with 2021.”

The private sector must also play a role, experts say. “Governments can’t get to this alone. Neither can the private sector,” said Lubber. “There has to be public-private partnerships.”There are other, more nuanced aspects of climate finance, too.

 

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