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The Independent UK
The Independent UK
National
Kelvin Chan and Seth Borenstein

US plan to tap businesses for green finance meets resistance

Copyright 2022 The Associated Press. All rights reserved

When it comes to helping poor nations cope with climate change, the United States government left its wallet at home. So it hopes its friend, big business, can help pick up the tab.

Unable to persuade Congress or the American public to spend billions of dollars more a year in climate financial aid, the U.S. government is trying to make it easier for private corporations to send cash to the developing world in exchange for looking green at home.

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