At the end of COP29 in Baku last year, I described the so-called climate finance outcome as “300 Billion Lies and Economic Traps,” and I said that COP29 was not about climate finance. It was not even about climate. It was about a colonial economic and geopolitical hierarchy that refuses to be disrupted, because the kind of transformative climate finance that the Global South was asking for was going to unleash the huge development potential of the Global South, which is home to the youngest labor force in the world, the largest reserves of green transition minerals, and a massive renewable energy potential.








