China Will Pony Up $3.1 Billion to Help Poor Countries Fight Climate Change

China will commit to spending $3.1 billion to help developing countries slash their greenhouse gas emissions and adapt to climate change. Of course, there is much we still don't know about China's plans, including which projects the new multi-billion dollar pledge will end up financing, Billy Pizer, faculty fellow, Nicholas Institute for Environmental Policy Solutions at Duke University, told Mother Jones. "There's all these accounting questions. First: 'What counts?' Then: 'How do you add the numbers up?' It's hard to know exactly what $3.1 billion means until you know the details."

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