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BREAKING NEWS


TWO MEN WERE EXONERATED IN MALCOLM X'S MURDER AFTER A JUDGE VACATED THEIR
CONVICTIONS. THEY HAD SPENT YEARS IN PRISON.



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 * WSJ News Exclusive
 * World


CHINA, INDIA AND OTHER DEVELOPING NATIONS SEEK $1.3 TRILLION A YEAR IN CLIMATE
FINANCE


REQUEST IS MADE IN PAPER PRESENTED AT COP26 SUMMIT; RICHER COUNTRIES SAY THEY
AREN’T READY TO PLEDGE BEYOND 2025

How Much Would It Cost to Reduce Global Warming? $131 Trillion Is One Answer
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How Much Would It Cost to Reduce Global Warming? $131 Trillion Is One Answer

Money is a sticking point in climate-change negotiations around the world. As
economists warn that limiting global warming to 1.5 degrees Celsius will cost
many more trillions than anticipated, WSJ looks at how the funds could be spent,
and who would pay. Illustration: Preston Jessee/WSJ
By
Matthew Dalton
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MATTHEW DALTON

 * Biography
 * @DJMatthewDalton
 * Matthew.Dalton@wsj.com

Updated Nov. 4, 2021 1:42 pm ET

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GLASGOW—Most of the world’s developing countries have backed a demand for
wealthy nations to channel at least $1.3 trillion in climate finance to them
annually starting in 2030, the opening salvo in one of the most contentious
negotiating topics at the COP26 climate summit.

African nations and a group called the Like-Minded Developing Countries, which
includes China, India and Indonesia, said in a document they submitted to the
United Nations at the summit that half the money should go toward funding
renewable energy in the developing world and half toward protecting these
countries from the effects of global warming.

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