Breakingviews - Climate-change money will flow freely to Plan B
The stereotypical climate-change investment thus far has been buying shares in a renewable energy maven like Denmark’s $52 billion Orsted
, which mitigates carbon emissions and slows down warming. COP26 had a new focus on adaptation, which covers what to do when higher temperatures materialise. Rich countries agreed to double annual transfers to developing countries to $40 billion for battling rising sea levels, droughts, and more violent storms.
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