As the president of COP28, the UAE’s Sultan Al Jaber faces the crucial task of delivering on his promise to devise a plan to bridge the Global South’s annual $1 trillion shortfall in financing for mitigation and adaptation initiatives. He should start by endorsing a levy on petrostates’ windfall oil revenues.

EDINBURGH – The United Nations Climate Change Conference (COP28) in Dubai is just weeks away. But it has become increasingly clear that only a bold financing initiative spearheaded by the United Arab Emirates could provide essential funding and support to the Global South.

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