Skip to content
Subscriber Only

Climate Projects Reap $650 Billion a Year as Aid to Poor Rises

Finance for projects aimed at limiting global warming has reached at least $650 billion. That will need to double to protect the planet from overheating, a United Nations agency said.

The estimate from the UN Framework Convention on Climate Change also showed $40 billion to $175 billion a year was flowing from developed countries to developing ones in 2011 and 2012. It’s the biggest assessment to date by the UN of cash flows related to climate projects.