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Green Climate Fund partners with Deutsche Bank to green fury

2015-07-09 16:45:00| Climate Ark Climate Change & Global Warming Newsfeed

RTCC: A UN piggy bank to help poor countries deal with climate change partnered with a leading coal funder, sparking an outcry from green groups. At a meeting in its South Korean headquarters on Thursday, the Green Climate Fund approved Deutsche Bank and 12 other financial entities to receive and distribute cash. Germanys leading investment bank is the worlds 10th largest backer of coal, with EUR15bn invested in the industry from 2005 to 2014, according to the BankTrack network. Over 20 campaign...

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