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Bloomberg Television

Trump Win Upends the Fight for Climate Cash at COP29 #politics 🀩

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we’re here in Baku ajan where over 50,000 people are expected to attend the cop 29 crime at talks but there is one person and one person only who everyone is talking about and that is president-elect Donald Trump now when President Trump assumed office in 2017 one of the first decisions he took was to withdraw the US from that Paris Accord set in 2015 even though the Biden Administration re-entered into the Paris agreement in 2021 president Trump has run on a campaign of once again looking to withdraw the US from that framework in addition to removing some of the subsidies and tax cuts that are ined for Fe energy and Renewables and running on a mantra of drill baby drill which would encourage fossil fuel production all of this runs contradictory to everything that these climate talks are trying to achieve coming at a time when there is so much focus on leadership and on financing developing countries financing needs grow from here to here the Ia are estimating that some of these developing count need as much as $1 trillion doll worth of assistance to help with their climate mitigation adaptation and their transition efforts with the absence of leadership from the US where is that financing where is the leadership and where is the direction going to come from that is a big question here

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