S2E6: Climate finance at COP29: Loans can't help developing nations avert climate crisis

Nov 18, 2024

19:44

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The amount, quality and access of climate finance among key issues to be discussed at COP29.

Synopsis: Every first and third Tuesday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change.

Expectations are mounting on negotiators at COP29, the UN climate conference, to produce an outcome on climate finance. The annual summit, from Nov 11 to Nov 22 in Baku, Azerbaijan, is shaping up to be a “finance COP”, where discussions on the new collective quantified goal for climate finance – or how much money should be channelled to developing countries to help them take climate action – are expected to conclude.

In this episode, hosts Audrey Tan and David Fogarty chat with Ms Illari Aragon, the climate policy justice lead at nonprofit Christian Aid.

Highlights of conversation (click/tap above):

2:39 What do we mean by climate finance?

4:18 Why are discussions on the new climate finance target so contentious?

11:29 The situation on climate finance in South-east Asia

12:38 The difference between providing and mobilising climate finance

14:40 Challenges for developing countries to access climate finance

Follow Audrey Tan on LinkedIn: https://str.sg/848W

Read her articles: https://str.sg/JLM2

Follow David Fogarty on X: https://str.sg/JLM6

Read his articles: https://str.sg/JLMu

Hosts: Audrey Tan (audreyt@sph.com.sg) & David Fogarty (dfogarty@sph.com.sg)