COP29 sparked intense debates over climate finance. Developing nations have criticised pledges from wealthy countries as a joke. They want climate funding increased.

The COP29 climate change conference has come to a close—as per normal it looks like very little will be done. The most urgency that the United Nations can muster is pointing out that "extreme weather events [are] affecting people around the globe.

The cost of borrowing money can be up to seven times higher for developing countries than the US and Europe. This is because lenders see poorer countries as riskier places to invest, given their perceptions of political instability or low credit ratings. This arrangement entrenches inequality.