The upcoming UN climate meeting in Baku will prioritize setting a new climate finance goal, with developing nations, represented by the Like Minded Developing Countries group, pushing for at least $1 trillion annually from developed countries between 2025 and 2030. Meanwhile, the U.S. remains vague on its specific contributions, advocating for a broader investment strategy without clear numbers. In contrast, developed countries are under pressure to mobilize larger sums, with varying expectations from the Arab and African groups calling for $1.1 trillion and $1.3 trillion annually, respectively. Concurrently, a report by Oil Change International reveals that the U.S. leads in public spending on ineffective carbon capture technologies, amounting to $12 billion over the last 40 years, raising concerns over the efficiency and impact of such investments. Critics argue that these subsidies often benefit fossil fuel industries rather than effectively addressing climate change. The report emphasizes the need for a shift in funding strategies to ensure that climate finance effectively supports sustainable solutions rather than perpetuating reliance on failing technologies.