The high cost of capital is a fundamental issue standing in the way of the Global South’s ability to tackle both climate change and socioeconomic development. Alexandra Clüver, Matthew Townsend and Ying-Peng Chin look at possible solutions. 

As the COP28 unfolds in the UAE, one of the most pressing climate issues to tackle now must be achieving climate change mitigation and adaptation through equitable climate finance. This is a monumental task that is simply too important to neglect.