Uganda, Nov. 25 -- Since early 2020, the world's richest countries have shown that they have the money and capacity to act when they decide to, spending $14 trillion on Covid stimulus packages and $80 billion to counter Russia's brutal invasion of Ukraine. These recent, massive commitments are jarring when juxtaposed with the lethally slow progress at COP27.

Two questions defined whether this year's UN climate talks, held in the Red Sea resort of Sharm El Sheikh, Egypt, could be called a success. First, would countries call for a phase-out of fossil fuels, responsible for the problem which the negotiations exist to address? Second, would wealthy countries compensate developing countries for the massive "loss and damage" they suffer from ...