Stakes high as officials discuss summit’s key question of how much rich countries should pay for developing nations to cope with climate crisis and decarbonize their economies

In response to the latest text on climate finance, Laurie van der Burg, Oil Change International Global Public Finance Manager, said it was “a mixed bag with good, bad and ugly options.”

“Rich countries now have a last chance to step up to pay the climate debt they owe to the Global South and unlock a fair and funded fossil fuel phaseout, while barring dangerous distractions. Wealthy nations must support delivering the trillions urgently needed in public finance with the majority provided debt-free, which is currently on the table.”