The climate and deficit reduction package that Democratic lawmakers agreed on last week earmarks some $370 billion dollars for much-needed energy and climate spending. That figure marks a victory for President Joe Biden and his climate initiative.

But in the broader battle against climate change, the spending is just a tiny fraction of what’s needed. In fact, many experts now believe that finding the money to fix the problem of rising temperatures around the world is going to be a bigger challenge than figuring out the science.

On this episode of Global Reboot, FP Editor in Chief Ravi Agrawal is joined by economic historian and author Adam Tooze to discuss climate finance. Who will pay for climate change adaptation? And will there be enough political will to get the job done?

Global Reboot is a FP Partner Podcast with the Doha Forum.

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