As members of the global diplomatic community begin to set their sights on the third big international summit this year — the Paris climate change conference in December — they can be forgiven if they resort to the oft-quoted line from the movie “Jerry Maguire”: Show me the money.
In the climate change realm alone, an estimated 100 billion euros ($112 billion) will be needed each year to help poor countries pay for investments in mitigation and adaptation.
“If we are to succeed in Paris it will require not only political commitment, but also financing,” President François Hollande told French ambassadors assembled in the country’s capital as the city prepares to host the 21st edition of the Conference of the Parties to the U.N. Framework Convention on Climate Change.