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$125b in ‘climate finance’ funds polluting, rights-violating projects: Report

Summary by Conservation News
Multilateral development banks claim to have handed out a record $125 billion in “climate finance” in 2023. However, a recent report finds that some of the funds went to “problematic projects.” “The development banks’ climate finance figures should be read with great caution,” Petra Kjell Wright, campaigns manager at Recourse, a Netherlands-based nonprofit that published the report, said in a statement. “We found financing for projects involving…
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