At the 29th United Nations Global Climate Summit in Baku, Azerbaijan, tensions ran high as developed and developing nations clashed over climate finance. Dubbed the “Finance CoP,” this summit was supposed to be a turning point for global climate action. Instead, it left many countries feeling frustrated and betrayed.

The Finance Debate: $300 Billion vs. $1.3 Trillion

The big headline from the summit was the announcement of the New Collective Quantified Goal (NCQG). This new deal promi...