Finance, a fleeting fix for a lasting issue

We are now past the point of voluntarily determined emissions targets and the world faces peril.

The biggest event of 2024 in the world of climate change negotiations was the COP29 meeting in Azerbaijan, billed as the finance COP. Sugar-coating a pill is one thing. Sugar-coating a slippery slope is quite another. With the world sliding closer to climate catastrophe, the sugar-coat of finance has been set up, including at the latest COP29 meeting, as the cure for all climate ills. This is a dangerous illusion at best.