A pledge to fight climate change is sending money to strange places

📆 2/06/2023 6:55 AM
📰 Reuters

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🌎 Some countries count projects that never happened toward climate finance goals. France reported a $118 million loan to a Chinese bank for environmental initiatives. The US reported $7 million for a South African hydropower project that never happened

Wealthy countries have pledged $100 billion a year to help reduce the effects of global warming. But Reuters found large sums going to projects including a coal plant, a hotel and chocolate shops.

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