Financing Developing Nations to Aid Transition to Greener Alternatives

by Jesse Jennings

As World leaders met in Paris to discuss and debate global climate change at the United Nations Climate Change conference in late 2015, it was not the world powers that questioned whether or not to sign the agreement. Rather, smaller, poorer countries were raising questions about their own finances and aid in their transition to lower-carbon energy. At the talks, fiscal spending seemed to be the greatest roadblock to the movement into greener practices and placement of ceilings on carbon emissions for countries around the globe. Smaller nations are demanding support from larger, industrialized and more-developed countries to help aid the future costs of limiting carbon emissions and preparing for the already-rising sea levels. Continue reading