Wealthy countries urged to fund just energy transition fairly

Wealthy countries owe low- and middle-income nations $100 trillion-$200 trillion by 2050 for causing the climate crisis. Negotiations for a new climate finance goal are ongoing, with a push for rich nations to pay their fair share. A shift away from fossil fuels is crucial, but lack of funding hinders progress. Wealthy countries can afford grants for a just energy transition, with potential funding sources including taxing polluters and the super-rich.