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Hundreds of millions of dollars the City of Portland didn't expect are on the way over the next five years and will soon be invested throughout the city for various climate projects.
(Bloomberg) -- Citigroup Inc. is exploring entirely new deal structures it says have the potential to entice risk-averse investors to emerging markets via a controversial corner of climate finance.Most Read from BloombergJPMorgan Is in a Fight Over Its Client’s Lost $50 Million FortuneAbu Dhabi Is the World’s Newest Wealth Haven for BillionairesRaimondo Vows ‘Strongest Possible’ Action on Huawei’s Chip BreakthroughHarvard’s Deepening Disunity Pits Alumni Against FacultyJack Ma’s Biggest E-Commer
Central banks' efforts to tame inflation have made it harder for both wealthy and poor nations to shift away from fossil fuels.
The United States is helping lead the charge at UN climate talks to phase out fossil fuels, but the superpower's status as the world's top oil producer is already casting doubt on its credibility.Senator Lisa Murkowski, a moderate Republican from oil- and gas-producing Alaska, acknowledged the climate effects of fossil fuels but questioned, especially in remote areas, "this approach that we can just keep it in the ground."