Developing countries want rich, polluting nations to supply many billions of dollars to address climate damage. And they distrust Washington's motives.
The question of having kids in a warming world has started to shift — from fears over what children will do to the climate to fears over what the climate will do to them.
Under the proposal, companies would buy carbon credits that fund the greening of power grids in developing countries. It comes as rich nations face pressure at COP 27 to mobilize a promised $100 billion a year in climate finance for poorer nations.
At last year’s U.N. climate summit in Glasgow, world leaders pledged to halt deforestation, phase out fossil fuel subsidies and offer up more climate aid. Following through has been tough.
