World Explainer
Climate finance before COP31: $300bn pledge repeats the $100bn design
Rich countries promised $100bn a year by 2020 and reported meeting it in 2022, partly, a think tank says, by relabelling aid. Ahead of the COP31 leaders' summit in Antalya, Hardin's commons problem and Ostrom's answer to it suggest the $300bn goal has the same weak point.