News Snapshot:
Expectations had been successfully lowered for climate action at the UN General Assembly, so the fact that both the US and China brought meaningful – if not earth-shatteringly ambitious – announcements came as a pleasant surprise. Joe Biden re-doubling the US climate finance contribution goes some way to rebuild trust with developing countries. There are practical considerations to scaling up finance in an effective way, and a bigger pledge might have been difficult to get through Congress. That $11.4 billion is about what the pragmatic wing of the US climate movement asked for. It doesn’t look generous set against the...
