According to former World Bank official Mari Pangestu, Developing Nations will require over $1 trillion annually to make significant progress in Climate Transition. The lack of funding has hindered these countries' efforts to reduce carbon emissions and shift to clean energy. This financial gap has caused tensions between developing nations and the developed world, which are calling for more progress in climate-related issues. The recently concluded Group of 20 climate ministers meeting failed to reach a consensus on crucial matters, including financing for developing countries. Pangestu emphasized the need for greater support from developed nations to accelerate the energy transition.

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