As wealthy nations take heat for warming planet, coalition unveils lofty plan

Posted on AllSides November 9th, 2022
From The Left
Joseph Eid/AFP/Getty Images

With international climate aid yet to win support in Congress, the Biden administration has orchestrated a new proposal from major philanthropies and companies for a carbon-trading system to funnel private money to developing countries for clean energy development.

Seeking to tap such financing for a transition that wealthy governments have refused to finance, the group hopes to lure more than $100 billion by the end of the decade, cutting as much as 1.3 billion to 2.3 billion tons of climate pollution, according to the consulting firm Climate Advisers.

Read full story
Some content from this outlet may be limited or behind a paywall.

Washington Post

AllSides Media Bias Rating: Lean Left
AllSides Media Bias Rating: Lean Left
111304/86398
See full bias rating for Washington Post
Learn about media bias
https://www.washingtonpost.com/climate-environment/2022/11/09/cop27-coalition-aims-tap-private-funds-energy-transition/

More News about Climate Change from the Left, Center and Right

From the Left

From the Center

From the Right