6 years ago, world leaders met to hammer out a historic deal, the Paris Climate Accord.

They pledged to slash their carbon emissions to try to head off the worst effects of global

warming.

There was also another pledge included in that agreement.

Richard Nations promised money to poorer ones to fight climate change.

Specifically, they promised $100 billion a year.

But there was a problem.

They didn't deliver.

Now, world leaders are meeting at another climate conference called COP26.

Good evening from Glasgow, where world leaders have attended the opening ceremony of the

global climate summit.

The annual summit is considered especially pivotal this year.

Experts say the clock is taking and that nations need to act fast to prevent catastrophe.

We must make progress here in Glasgow.

In Glasgow, world leaders are pushing for even bigger emissions cuts to meet the goal

set in Paris.

But something's getting in the way.

That broken $100 billion promise.

Welcome to the journal, our show about money, business, and power.

I'm Kate Limbaugh.

It's Thursday, November 4th.

Coming up on the show, the fight over the price of climate change and who has to foot the

...