Over 50 world leaders are meeting in Paris this week to tackle one of the biggest problems of the age: how to raise enough money for the global south to catch up in climate investments.
The UN estimates that climate investments in developing countries (excluding China) must reach $2.4 trillion [€2.2tn] annually by 2030.
But gotal global aid expenditure is less than one-tenth of this, and developing countries lack the resources to pay for it.
Barbados prime minister Mia Am...
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Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.