"The Finance COP": Activists at U.N. Climate Talks Push Rich Countries to Pay for Green Transition

[Uncle Joe]

We are broadcasting live from the COP29 climate summit in Baku, Azerbaijan, which has entered its second and final week, and already there is frustration over a lack of progress on the key issue of financing the energy transition and climate adaptation in Global South countries. Asad Rehman, executive director of War on Want and lead spokesperson for the Climate Justice Coalition, says this year's summit is supposed to be "the finance COP" and calls for about $5 trillion a year in financing, but "rich, developed countries are putting pennies on the table." He also addresses the overwhelming presence of industry lobbyists at the annual summits and calls from some activists to boycott the talks. "If we, as civil society, weren't here also holding the feet of Global North governments to the fire, we would see much worse outcomes than we are seeing already," says Rehman.

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