ArchiveFM

The Daily

Who Pays the Bill for Climate Change?

Last month at COP27, the U.N. climate change conference, a yearslong campaign ended in an agreement. The rich nations of the world — the ones primarily responsible for the emissions that have caused climate change — agreed to pay into a fund to help poorer nations that bear the brunt of its effects. In the background, however, an even more meaningful plan was taking shape, led by the tiny island nation of Barbados. Guest: David Gelles, a climate correspondent for The New York Times.
Duration
48m
Broadcast on
02 Dec 2022
Audio Format
other

Last month at COP27, the U.N. climate change conference, a yearslong campaign ended in an agreement. The rich nations of the world — the ones primarily responsible for the emissions that have caused climate change — agreed to pay into a fund to help poorer nations that bear the brunt of its effects. 

In the background, however, an even more meaningful plan was taking shape, led by the tiny island nation of Barbados. 

Guest: David Gelles, a climate correspondent for The New York Times.

Background reading: 

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts, Spotify and Amazon Music. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This podcast is supported by TikTok. Sometimes the most interesting discoveries are the ones you weren't looking for. That happens every day on TikTok. A science experiment can spark a whole new interest. A recipe you stumble upon can become a meal you make for the people you love. And a restaurant you've never heard of might become your new favorite spot. That's the thing about TikTok. Follow your curiosity and see where it leads. Your next discovery is waiting on TikTok. From the New York Times, I'm Sabrina Tavernese, and this is The Daily. Cop 27, the global gathering to combat climate change, has kicked off in Egypt. Last month, the world gathered in Sharmal Sheikh, Egypt for the 27th UN Conference on Climate Change. Cop 27. Sharmal Sheikh is another milestone for measurement, for accountability and for focus. And finally, after years of pushing. Elation over a landmark compensation deal. Leaders at the Cop 27 Climate Summit in Egypt say they've reached a historic deal to help vulnerable countries. Renew fund to help developing countries cope with the impacts of climate change. The rich nations of the world, the ones most responsible for the emissions that have caused climate change, agreed to pay into a fund to help poor nations, the ones who bear the brunt of the effects of climate change. I think it's a fundamental breakthrough that the fund is now there. But in the background, an even more meaningful plan was taking shape. An initiative led by the tiny island nation of Barbados. There could be a restructuring of the architecture of international finance, for example, which may encourage private capital to come into the battle on climate change. Today, climate reporter David Gellis on the plan that could remake the way the world of finance deals with climate change. It's Friday, December 2nd. So David, from what I understand, COP, the UN Conference on Climate Change, it's kind of like the Super Bowl for climate people. But instead of rooting for their team, everyone's kind of supposed to be there to root

Transcription truncated.

Last month at COP27, the U.N. climate change conference, a yearslong campaign ended in an agreement. The rich nations of the world — the ones primarily responsible for the emissions that have caused climate change — agreed to pay into a fund to help poorer nations that bear the brunt of its effects. In the background, however, an even more meaningful plan was taking shape, led by the tiny island nation of Barbados. Guest: David Gelles, a climate correspondent for The New York Times.