Developing nations are expected to need more than $1 trillion each year to make significant progress in climate transition. The lack of funding resources has made it challenging for countries to reduce their high carbon emissions and shift to clean energy. These challenges have led to tensions between developing nations and the developed world.
Some of the reasons why no consensus is being achieved at various environmental forums are:
- Geopolitical issues taking precedence over climate goals
- Not enough resources are being provided to developing countries to combat climate issues
- The lack of proper policies and reforms
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