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Climate Politics

John Kerry Woos Wall Street in Bid to Bolster US Climate Finance

  • Governments must derisk clean-energy investments, he says
  • Rich nations fall short of $100 billion annual climate pledge
Bloomberg business news
John Kerry on Nord Stream Leaks, Climate Change Efforts

Source: Bloomberg

The top US climate diplomat is courting Wall Street in a bid to drive billions of dollars into clean energy initiatives around the globe amid lingering frustration wealthy nations have failed to provide a promised $100 billion in green finance for poor countries. 

John Kerry, the special presidential envoy for climate change, told Bloomberg Television in an interview Wednesday that he is “working on a new approach to try to attract major capital to this task.”