A program meant to help developing nations 'fight climate change' is funneling billions of dollars back to rich countries sott.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sott.net Daily Mail and Mail on Sunday newspapers.
Developed nations have pledged to send $100 billion a year to poorer countries to aid adaptation, but money from the deals is being funneled back into rich economies.
Report: Rich countries make a killing when they loan money for climate agenda | WND wnd.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wnd.com Daily Mail and Mail on Sunday newspapers.
Wealthy nations, including Japan, France, Germany, and the U.S., gain billions from a global climate finance program intended to help developing countries. By imposing loan conditions and hiring requirements, these nations divert funds back to their economies, contradicting the program's goals and exacerbating debt in poorer countries.