climate finance

"Some may seek to deny or delay the clean energy revolution that's underway in America, but nobody — nobody — can reverse it," Biden said. But Trump has vowed to roll back those plans.

For years, rich nations have sent money to lower-income countries to help deal with the impacts of climate change. But it turns out, these wealthy nations are finding creative ways to funnel some of that financing back into their own economies. Today, we look at how the climate crisis is reviving a debate over how money should flow from rich to less-rich nations.

Related episodes:
A countdown to climate action (Apple / Spotify)
Gambling, literally, on climate change (Apple / Spotify)
Blue bonds: A market solution to the climate crisis? (Apple / Spotify)
Why a debt tsunami is coming for the global economy (Apple / Spotify)

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The United States looms large at the COP28 climate summit in Dubai. Historically, it's responsible for more greenhouse gas emissions than any other nation. But it's also key for major breakthroughs.

Last month, the Muisyo family turned on the lights for the first time thanks to climate financing from rich countries. But the fund is falling short of its $100 billion goal to help poor countries.