It would’ve been better to do more, of course, since the world is still on course for devastating levels of warming.
The ethics of the “loss and damage” question were never in dispute. Rich countries have already emitted almost all the carbon the atmosphere can stand if climate change is to be arrested.
A group of countries led by the US and Japan announced a $20 billion financing package to support Indonesia’s plan to shift from coal to renewables.
The agreement would not have happened without the leadership of Indonesia and the G-7 nations, along with Mark Carney and Mary Schapiro of the Glasgow Financial Alliance for Net Zero, a group Carney and I co-chair that includes many of the world’s largest financial firms and asset managers.
Michael R. Bloomberg Bloomberg 25 november 2022
Michael R. Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News
The COP climate process has been a miraculous success, thanks to technology and capitalism
Ambrose Evans-Pritchard Telegraph 22 November 2022