World politics
fromState of the Planet
19 hours agoClimate Finance in the Multipolar Era
Climate finance is shifting from multilateral consensus toward geopolitics, energy security, and issue-based coalitions amid a fragmented global order.
It also has a "Belém Mission to 1.5" aimed at "enabling ambition and implementation" of nations' emissions-cutting pledges. Elsewhere, the agreement calls for efforts to at least triple finance for climate adaptation by 2035. Between the lines: The carefully word-smithed document indirectly endorses movement away from fossil fuels. The section on the "Global Implementation Accelerator" shouts out the "United Arab Emirates Consensus." That's the outcome of the 2023 UN talks in Dubai that called for "transitioning away from fossil fuels in energy systems."