Julia Simon

It's very different than $1.3 trillion. Yeah. Here's what Nkiruka Madukwe, a delegate from Nigeria, said.

It's very different than $1.3 trillion. Yeah. Here's what Nkiruka Madukwe, a delegate from Nigeria, said.

As Jessica pointed out, this money is not in the form of grants, which is what many countries wanted. It's loans.

As Jessica pointed out, this money is not in the form of grants, which is what many countries wanted. It's loans.

As Jessica pointed out, this money is not in the form of grants, which is what many countries wanted. It's loans.

Right. And in the long term, these countries might end up with more debt. Also, here's Maduke again. She mentions the NCQG. That's the acronym for this money.

Right. And in the long term, these countries might end up with more debt. Also, here's Maduke again. She mentions the NCQG. That's the acronym for this money.

Right. And in the long term, these countries might end up with more debt. Also, here's Maduke again. She mentions the NCQG. That's the acronym for this money.

And what she's talking about in part there is that as part of the Paris Agreement, all these countries have to submit targets for reducing their climate pollution by 2035. And the hope is that all these cuts combined will limit the world's warming to 1.5 degrees Celsius. or 2.7 degrees Fahrenheit. Okay.

And what she's talking about in part there is that as part of the Paris Agreement, all these countries have to submit targets for reducing their climate pollution by 2035. And the hope is that all these cuts combined will limit the world's warming to 1.5 degrees Celsius. or 2.7 degrees Fahrenheit. Okay.

And what she's talking about in part there is that as part of the Paris Agreement, all these countries have to submit targets for reducing their climate pollution by 2035. And the hope is that all these cuts combined will limit the world's warming to 1.5 degrees Celsius. or 2.7 degrees Fahrenheit. Okay.

What Anquiruka Madukwe is pointing out is that one of the main things this money is supposed to go to is helping countries meet those targets for reducing emissions. Right.

What Anquiruka Madukwe is pointing out is that one of the main things this money is supposed to go to is helping countries meet those targets for reducing emissions. Right.

What Anquiruka Madukwe is pointing out is that one of the main things this money is supposed to go to is helping countries meet those targets for reducing emissions. Right.

Exactly. You need money to buy solar panels or wind turbines or close down coal plants. And- Yeah. With less money, that means developing countries can't have as ambitious targets in the first place to reach that 1.5 degrees goal, which is a big problem.

Exactly. You need money to buy solar panels or wind turbines or close down coal plants. And- Yeah. With less money, that means developing countries can't have as ambitious targets in the first place to reach that 1.5 degrees goal, which is a big problem.

Exactly. You need money to buy solar panels or wind turbines or close down coal plants. And- Yeah. With less money, that means developing countries can't have as ambitious targets in the first place to reach that 1.5 degrees goal, which is a big problem.

And Julia, just piping in here, you might have heard the news that this year, 2024, global temperatures are on track to average above 1.5 degrees. degrees Celsius for the first time ever. The World Meteorological Association announced that recently. Yeah.

And Julia, just piping in here, you might have heard the news that this year, 2024, global temperatures are on track to average above 1.5 degrees. degrees Celsius for the first time ever. The World Meteorological Association announced that recently. Yeah.

And Julia, just piping in here, you might have heard the news that this year, 2024, global temperatures are on track to average above 1.5 degrees. degrees Celsius for the first time ever. The World Meteorological Association announced that recently. Yeah.