Congress just dealt a blow to President Joe Biden’s pledge to quadruple climate financing for poorer nations to $11 billion a year.
Lawmakers on Tuesday released a more than 4,000-page government funding bill for the coming fiscal year that would spend just over $1 billion on international climate finance, according to an analysis that the Natural Resources Defense Council shared with Insider. The amount is only a 0.09% increase over fiscal 2022, the environmental group said.
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- Source: https://www.carbonnews.co.nz/story.asp?storyID=26788
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