Environment
Climate summit approves divisive $300B deal
Developing nations got a promise of at least $300 billion in climate finance from rich countries such as the U.S. and the EU’s members. They wanted far more.
Big-money pledges will be even harder to trust. Fossil fuel producers have more leverage. China is ascendant.
Dominance of clean energy technology has allowed China to cement its influence with developing nations, overwhelming more meager efforts by the U.S. and Europe.
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