Finding money for fossil fuel plants is much easier than financing clean energy projects, especially in developing countries.
Category: Developing Countries
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COP28 Climate Summit Begins Against Backdrop of War and Record Heat
World leaders at climate talks in Dubai invoked faith, science and economics in their calls for a rapid transition away from fossil fuels.
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A Tense Climate Summit Begins Against a Backdrop of War and Record Heat
World leaders at climate talks in Dubai invoked faith, science and economics in their calls for a rapid transition away from fossil fuels.
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COP28 Begins With Fossil Fuels, and Frustration, Going Strong
After decades of meetings, nations still haven’t agreed to curb the main driver of global warming.
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Nepal Is Investigating New Airport Made by China
After a Times article about the cost and quality of Pokhara airport, which Chinese state-owned firms financed and built, Nepal’s anti-corruption agency said it was looking into the project.
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China Is Lending Billions to Countries in Financial Trouble
Instead of lending money for highways and bridges, China has shifted to providing emergency rescues for previous borrowers.
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What is China’s Belt and Road Initiative and How Is It Changing?
Xi Jinping enhanced China’s sway in the world by lending money for infrastructure. Now he’s collecting debts and rethinking his signature aid initiative.
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How a Fertilizer Shortage Is Spreading Desperate Hunger
Across Africa and in parts of Asia, disruption to the supply chain for fertilizer is raising food prices and increasing malnutrition.
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Yellen May Face Questions in Morocco Over U.S. Dysfunction
Treasury Secretary Janet Yellen calls on Congress to authorize more economic support for Ukraine.
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China Works to Expand its Sway in Africa Amid Rivalry With the U.S.
China’s leader, Xi Jinping, pitches his country as a leader of the developing world, rallying support for an alternative to the U.S.-dominated global order.
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Janet Yellen Calls for Accelerating Debt Relief for Poor Nations
Helping the world’s low-income countries will be a central topic as U.S. Treasury Secretary Janet Yellen and other G20 finance ministers gather in India.
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Yellen Urges China to Cooperate More on Climate Finance
Janet Yellen, the Treasury secretary, said China, the largest emitter of greenhouse gases, can have “greater impact” tackling climate change by working with other nations.