The climate finance target set at COP29 highlights ambition, but bridging the gap demands political leadership and structural innovation, not just funding pledges, writes Labanya Prakash Jena $2.3 to $2.5 trillion – this is the amount of capital Emerging Markets and Developing Countries (EMDCs), excluding China, need per annum to meet their climate goals, according to the Independent High Level Expert Group (IHLEG). By 2035, that figure will climb to $3.2 trillion annually, w