Tarique Niazi teaches environmental sociology at the University of Wisconsin at Eau Claire.
The United Nations Climate Summit , held in Baku, Azerbaijan last month, apparently lived up to its moniker: “The Finance COP.” Two weeks of semantic quibbling finally yielded an agreement that would triple climate finance to $300 billion a year by 2035. Developing countries were calling for $1.3 trillion instead, which would have been more than four times the amount agreed. Many pooh-poohed the promised $300 billion as “too little, too distant.
Developed countries intentionally or unintentionally let this dejection work its way through the conference for several reasons, the most obvious being that their home constituencies are turning against climate and environmental justice. Western societies’ rightward lurch has left their governments unwilling and unable to make any commitment to finance climate action.
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