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Annie Gugliotta

Earth Day 2023: Show me the money

The theme of this year's Earth Day on Saturday is "Invest in Climate." One of the key messages is that "businesses, governments, and civil society are equally responsible for taking action against the climate crisis." But they are not equally motivated.

Businesses invest for profit. Governments spend to achieve political goals. And civil society's pockets are ... empty.

Meanwhile, roughly $5 trillion is needed to help the planet transition to clean energy by the end of the decade. Most of that money would go to the developing world, which is historically less responsible for polluting the planet but disproportionately suffers the impacts of climate change.

Yet the official statement doesn't even mention climate finance. Why?

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