May 28, 2024

Wealthy Countries Profiting from Climate Funding

A recent Reuters investigation reveals that countries like Japan, France, Germany, and the United States are reaping billions in economic rewards from a global program meant to help low- and middle-income countries combat climate change. The grants and loans often come with high interest rates or binding conditions, requiring recipients to hire companies from the donor countries. Read this article on how wealthy nations turned a supposed act of climate justice into a profitable venture for themselves.

Image Source: LA Times