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Biggest Climate Fund Approves Record Allocations as US Withdraws

Bloomberg.com · last updated

The world’s biggest climate fund said it approved record allocations for projects in a year when the US pulled $4 billion it had pledged to the organization.

At a board meeting in Papua New Guinea, the Green Climate Fund green-lighted $1.225 billion for initiatives ranging from reducing the impacts of desertification in Mauritania to developing green bond markets.

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