Why rich countries could struggle to come up with more climate cash

Wealthy nations belatedly met their goal of sending billions of dollars in climate aid to developing countries. And now, they’re gearing up again to negotiate the next amount of funding they are willing to give, which will likely be a tougher task because the cost of fighting climate change is set to skyrocket. POLITICO’s Zack Colman breaks down how rich countries were late on delivering climate finance and why the price tag is going up. Plus, utilities and industry groups are cautioning EPA against adopting any rule for existing natural gas-fired power plants that would require building significant infrastructure or risk grid reliability. 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 Zack Colman covers climate change for POLITICO. Josh Siegel is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Annie Rees is a senior audio producer-host at POLITICO. Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO.