PBS NewsHour - The Latest | America's first billion-dollar climate fund sparks spending debate in Portland by Stephanie Sy, Mike Fritz

In 2018, voters in Portland, Oregon, approved a first-of-its-kind climate and justice fund aimed at investing in projects in historically marginalized communities. Since then, the fund has grown, and so has the debate over how that money should be spent. Stephanie Sy reports for our series, Tipping Point.

Read more: https://www.pbs.org/newshour/show/americas-first-billion-dollar-climate-fund-sparks-spending-debate-in-portland

#portland #oregon #climatefund #justicefund #tippingpoint

Why Is Brazil’s Climate Fund Giving Hundreds of Millions to Big Ag?

https://drilled.media/news/ethanol-story1

Almost $500 million has flowed from the Climate Fund to corn ethanol projects from companies with environmental violations…

#Brazil #ClimateFund #Diverted #BigAg #Ethanol #EnvironmentalViolators #COP30 #AgTrap #BNDES #Deforestation #IncreasedGHGs #IncreasedPesticides #GMO #Monoculture #USfinancing #IllegalLogging

The #ClimateFinanceActionFund will take financial contributions from #FossilFuel-producing countries and companies and use the money to invest in projects in the developing world that reduce #GreenhouseGas emissions and help build resilience to the impacts of #ExtremeWeather.

#Cop29 host #Azerbaijan seeks $1bn from fossil fuel producers for #ClimateFund
https://www.theguardian.com/world/article/2024/jul/20/cop29-host-azerbaijan-seeks-1bn-from-fossil-fuel-producers-for-climate-fund

The total promised value of the climate fund agreed upon at the #cop28, will be less than what Saudi Arabia pay their 6 top football players yearly.

https://www.information.dk/udland/2023/12/hvedebroedsdagene-paa-cop28-ved-vaere-forbi?lst_frnt

#ClimateChange #climateCrisis #climateFund

The total promised value of the highly celebrated new climate fund agreed upon at the #cop28 will cover around 0,15 % of the annual amount needed

(literally just a drop in the ocean of the first year's costs, and then nothing for successive years)

https://www.information.dk/udland/2023/12/hvedebroedsdagene-paa-cop28-ved-vaere-forbi?lst_frnt

#climateFund #climateCrisis #climatechange #humanRights