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Rich nations should approach private climate finance with caution

2013-04-12 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

AlertNet: This week in Washington, DC, U.S. Special Envoy for Climate Change Todd Stern is hosting a ministerial meeting on mobilising climate finance. This invitation-only event for finance and climate ministries of select donor countries typifies the extraordinary emphasis rich governments are placing on private finance as the solution to meeting developing countries' climate needs. Unfortunately, they are trumpeting the private sector as a solution without first thoroughly investigating whether the real...

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