COP29 Has A Gigantic Fatal Flaw
We don’t just need more climate finance; we need climate finance reform.
The COP29 climate summit is rapidly approaching, and our window of opportunity to mitigate the global self-made catastrophe that is man-made climate change has nearly closed. Make no mistake, this is one of our last chances as a species to ensure a bright future for ourselves. It’s also our last chance to ensure that those who will reap the worst consequences of the climate threat (i.e., developing countries) don’t pay the price for our (developed countries) ecological crimes. The rhetoric leading up to this monumental event seems to be one of hope that we can ensure these downtrodden countries can survive in the coming years. However, this sadly seems to be more akin to propaganda than a solid plan to save humanity.
This all began when leaders of the COP29 announced that they were likely to facilitate “hundreds of billions” of dollars in climate finance to developing countries at the upcoming summit.
It has long been known that those who will suffer the worst impacts of climate change are developing countries. They don’t have the economy or infrastructure to defend, repair, or adapt to the extreme weather and the ecological collapse that climate change will cause. Developing countries are also typically situated in…
