At COP29 in Baku, rich and poor nations have gathered to fund mitigating climate change to keep it from running rampant. The call is for dedicating $1 trillion US annually to fight global warming with much of it coming in the form of grants and investments from the richest countries, business organizations and billionaires. The richest countries and the fossil fuel industries they support are the prime sources of atmospheric carbon pollution. The International Monetary Fund calculates the industry receives up to $7 trillion in annual subsidies from these rich countries.
