What has climate finance paid for? Gelato shops, a coal plant and more

By WNews 1 Min Read

Italy helped a retailer open chocolate and gelato stores across Asia. The United States offered a loan for a coastal hotel expansion in Haiti.

Belgium backed the film La Tierra Roja, a love story set in the Argentine rainforest. And Japan is financing a new coal plant in Bangladesh and an airport expansion in Egypt.

These were some of the findings uncovered during a climate finance investigation by reporters from Reuters and Big Local News, a journalism program at Stanford University in California. 

Funding for the five projects totalled $2.6 billion US ($3.5 billion), and all four countries counted their backing as so-called climate finance.

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What is climate finance?

It includes grants, loans,

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