COP27: US works on plan for companies to fund emerging nations’ fossil fuel switch…
COP27: US works on plan for companies to fund emerging nations’ fossil fuel switch
The US is working on a plan to harness cash from the world’s largest companies to help developing countries cut their use of fossil fuels, an idea it aims to unveil at the UN climate summit this week.
“US officials hope the plan will combat global warming by unlocking “tens of billions” of private capital to fund the energy transition in emerging economies, according to a person familiar with the discussions.”