COP29: Asserting American Energy Leadership Amid Change [Forbes]
BP p.l.c. (BP)
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Source: Forbes
The capital of Azerbaijan is located on the Caspian Sea and has about two million inhabitants. Photo: Arne Dedert/dpa (Photo by Arne Dedert/picture alliance via Getty Images) picture alliance via Getty Images The 29th annual UN Climate Change Conference begins on November 11 th in Baku, Azerbaijan. Many environmentalists are pessimistic about the conference, with the choice of Azerbaijan as the host country, China's negotiation strategies, and the American election results. However, there is one reason to be optimistic. For the first time in 15 years, “climate finance” will headline the agenda. In 2009, COP16 established a framework whereby “developed countries” (a category that excluded China at the time) pledged to invest $100 billion per year in green energy infrastructure for developing countries. Civil society groups have advocated for that number to go as high as $300 billion this year, even though the UN never achieved its original funding goal from COP16. Anyone who sh
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