The absence of internationally enforceable mitigation commitments means that the burden on climate finance will increase. Unilateral promises will depend on whether sufficient financing is available to achieve the scale of actions needed. So, who will pay, how much, and through which mechanisms? I explore some of the games being played in climate finance and the implications for the Copenhagen meetings in my latest op-ed in the Financial Express, Even climate is about money.
FT podcast: World Weekly with Gideon Rachman
17 minutes ago