The article discusses the significant financial shortfall in addressing climate change needs in developing countries, estimated at $1 trillion annually. It highlights ongoing discussions at international forums like the International Monetary Fund (IMF) and the World Bank regarding reforms to better support climate change mitigation and adaptation in these nations. Despite some progress and leadership changes intended to prioritize climate issues, actual reforms and funding increases have been limited, failing to meet the rising demands for climate finance. The piece underscores the challenges of overhauling long-standing financial institutions and the reluctance of richer nations and private sectors to commit the necessary funds. This financial gap threatens the global response to climate change, particularly impacting vulnerable developing countries that face the most severe consequences of a warming planet.

https://www.nytimes.com/2024/04/18/climate/climate-change-imf-world-bank.html