The first accountability report on progress made under the Paris Agreement points to serious shortcomings and calls for far greater ambition from the world's governments to prevent climate breakdown.
Developing nations say they do not want to be saddled with debt dealing with a climate problem they did not cause. But repayment-free money has been hard to come by, and may remain so at least in the short run.
United Nations secretary-general António Guterres calls for tougher targets from major polluters at the upcoming COP28, as high temperatures bring record-breaking extremes in the Philippines, China, India, and Pakistan.
India’s environment ministry has proposed a Green Credit Programme under which individuals, organisations and industries can earn and sell credits for certain environment-friendly activities, which can then be traded.