Progress at last on climate finance at COP27

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Progress at last on climate finance at COP27

CLIMATE

Climate finance has been one of the thorniest issues in global climate negotiations for decades, but there are four promising signs of progress at COP27, writes Rachel Kyte, the dean of Fletcher School at Tufts University. Among them: clearer goals have been set; a shake-up in the international financial system; more public-private partnerships; and new rules to strengthen carbon markets. “It’s been too slow in coming, but change in the financial system is on the way,” she writes.