New report reveals fossil fuel funding quadrupled in 2022
At the same time clean air funding stalled, contributing less than 1% of development funding
15 October 2024 - 05:00
Although governments worldwide have pledged to cut carbon emissions in recent years, new data shows that investment in fossil fuel projects continues to outpace the investment in renewable energy and clean air initiatives.
While funding for projects aimed at reducing outdoor air pollution briefly overtook funding for fossil fuel projects in 2021, the following year saw a sharp reversal in this trend, with fossil fuel projects receiving nearly $700m more in overseas funding in 2022, according to a report by the Clean Air Fund...
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