KUALA LUMPUR, Malaysia, Aug 16 (IPS) - The World Bank plans to use public funds to subsidize private finance, ostensibly to mobilize much more capital to address the climate crisis. But the new plan is likely to be a distraction, not the solution it purports to be. Rich nations have contributed most to the current climate crisis. They are primarily responsible for the historical emissions and greenhouse gas (GHG) accumulation of the last two centuries.
Read the full story, “World Bank Climate Finance Plan Little Help, Unfair”, on globalissues.org →
https://www.globalissues.org/news/2023/08/16/34496 [Collection]
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