CLEAN : UNDP chief speaks to press on sidelines of COP27

The transcript discusses the mobilization of $16 trillion by wealthy countries to support various sectors, highlighting the disparity in financial commitments between developed and developing nations. It questions the G20's reluctance to co-finance with developing countries, emphasizing the need for a global collective effort in climate finance negotiations.

What does the speaker imply about the choices made by wealthy countries regarding financing?

How is the concept of global collective effort related to climate finance negotiations?