The trickiest sigh facing the climate negotiations at COP29, which began in Baku on November 11th, goes by the opaque name of the “recent collective quantified purpose” (NCQG), mainly because that is extra dignified than “bigger pile of money”. The NCQG is meant to change the longstanding purpose of an annual $100bn a twelve months in climate finance from richer countries to poorer ones. It’s miles meant to be in web page by next twelve months, when all countries are anticipated to dispute what they’ll create to sever lend a hand emissions in the following ten years.

This article appeared in the Finance & economics fragment of the print model underneath the headline “Actuality cheque”