After Climate Summit, a Promising New Tool for Latin America
A new climate financing fund is not interested in past wins and plans to flow money to cut deforestation now.
RIO DE JANEIRO – Pledges made at the global Climate Summit convened by the U.S. on Earth Day — marking the welcome return of the U.S. to the efforts to address climate change — were met by many with skepticism. Headlines around the world focused on the promises made by presidents, kings and prime ministers, and whether they would actually translate into action. But less noticed at the summit was the launch of a financial tool that could significantly help translate promises into effective initiatives when it comes to tropical forests. To be fair, there were more questions than...
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