This story was updated at 10:35 a.m. EDT.
Deciding how much rich nations should pay for global warming is emerging as a top issue for international climate talks later this year.
That’s partially by design — on the docket for COP29 is a mandate to increase the amount of money that countries such as the United States pay to developing countries to cut emissions and respond to climate change impacts.
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But even now — months ahead of the talks — COP29 leaders are highlighting how much more is needed, not just from wealthy countries, but also from multinational development banks. High-income nations, meanwhile, say they shouldn’t be the only ones on the hook for coming up with cash.
