Where to find $1.3 trillion for climate finance

Analysis: As climate talks in Baku, Azerbaijan near the end of their second week, there’s still been remarkably little movement on the central aim of the summit: Agreeing a new global climate finance goal.
The finance target (the New Collective Quantified Goal on Climate Finance in United Nations speak) is crucial to getting buy-in from developing nations as they set their next round of emissions reduction targets under the Paris Agreement. But diplomats entered COP29 with a range of thorny questions – who should pay, what should the money cover and what form should it take – and have yet to compromise on any satisfactory answers.