U.S. Says New Global Climate Finance Goal Should Include Private Funds

The Biden administration is urging other countries to adopt a new global climate finance target that includes private sector investments alongside a long-standing focus on public funds, aiming to address a persistent complaint from some that the United States is not providing enough support and thus cannot expect cooperation on curbing emissions. Countries are debating a new quantified target for financial assistance to poorer nations, with many experts saying a successful finance deal is needed to unlock greater progress on...