"King Charles Urges $5 Trillion Annual Investment to Avert Climate Catastrophe at COP28"

King Charles III of Britain called for annual payments of $5 trillion to prevent a climate catastrophe during his speech at the COP 28 summit in Dubai. He emphasized the need for collaboration between public, private, philanthropic, and NGO sectors to drive climate action. Charles did not provide a breakdown of who should pay or where the funds would go, but suggested they should support sustainable projects. The U.S. pledged an additional $3 billion to the Green Climate Fund, while also committing to phasing out coal plants. Charles urged increased investment in renewable energy and expressed concern about the lack of progress in addressing climate change.