Wen-Ling Tu is energy resilience commissioner of Taiwan's Whole-of-Society Defence Resilience Committee and president of the Research Institute for Democracy, Society and Emerging Technology (DSET). Tsaiying Lu is a research fellow at DSET.
As COP29 -- dubbed the "Finance COP" -- opens in Baku, Azerbaijan, on Monday, attending countries are expected to scale up climate finance by adopting the New Collective Quantified Goal on Climate Finance (NCQG). This global initiative aims to funnel significant funding to developing nations to bolster their climate adaptation and resilience efforts. However, divisions between developed and developing countries could hinder progress in setting and meeting this financial target, particularly as debates continue over who should contribute and by how much.
