By john 
Climate change is not only an environmental crisis but also a political battleground — one defined by questions of responsibility and equity. At the slot online Naga169 center lies the contentious issue of climate finance: who should pay for the planet’s recovery?
Developing nations argue that industrialized countries, responsible for most historical emissions, must bear the financial burden. Wealthy nations pledged $100 billion annually under the Paris Agreement but have consistently fallen short.
At recent COP summits, the creation of a “Loss and Damage Fund” was hailed as progress, yet disagreements over its implementation persist. Small island states demand faster disbursements, while donors push for stricter oversight.
China, now the world’s largest emitter but still classified as a developing nation, complicates the equation. Its dual identity allows it to position itself as both leader and victim in global climate politics.
Private finance is emerging as a new front. Green bonds, carbon markets, and ESG investments are mobilizing trillions, but critics warn of “greenwashing” and lack of accountability.
“The climate crisis is also a justice crisis,” said UN Climate Chief Simon Stiell. “Finance is where trust will be built or broken.”
As global temperatures rise, climate finance will determine not only environmental outcomes but the legitimacy of the entire international order.