Investors have trillions to fight climate change. Developing nations get little of it
One of the thorniest issues at the United Nations' annual climate negotiations in Egypt is how to get money to low-income countries to help them cope with climate change.
Governments of industrialized countries, whose emissions have largely driven global warming, have pledged help. But public funds alone can't cover the trillions of dollars developing countries need to deal with rising temperatures.
Many private investors see big opportunities to propel — and profit from — the fight against climate change. Yet little of their money is going to poorer nations, which already bear the brunt of extreme weather despite contributing little of the pollution that fuels climate change.
"I think there the story is not good. And that's because most of the big funds — pension funds, asset
