A coalition of world leaders from industrialized nations and climate-vulnerable countries at the UN Climate Change Conference in Baku called for more ambitious climate funding on Wednesday. “Trillions of dollars are required. We must urgently increase the amount of financing for climate action,” said a statement signed by leaders who are part of a so-called COP29 High Ambition Coalition. “The climate crisis will become exponentially worse unless we act now,” the statement said. It continued: “Developed countries must continue to take the lead and live up to existing finance commitments.” Innov…