Why a funding fight is brewing ahead of the UN climate talks

The Biden administration’s push to put the World Bank in charge of an international fund that would require historically high-emitting wealthy countries to pay poorer countries for climate damages is threatening to shake up United Nations’ climate talks in November. POLITICO’s Zack Colman breaks down why the US prefers the World Bank, the concerns from developing countries, and the broader negotiations over the fund. Plus, scientists say the U.S could achieve net-zero climate emissions by 2050 thanks to new federal investments. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast. Zack Colman covers climate change for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Kara Tabor is an audio producer for POLITICO. Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO.