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US seeks focused, efficient fund for climate disasters

A man rides a boat past toll plaza amid flood water on main Indus highway, following rains and floods during the monsoon season in Sehwan, Pakistan, September 15, 2022. REUTERS/Akhtar Soomro/File Photo Acquire Licensing RightsWASHINGTON, Aug 23 (Reuters) - When countries adopt a global fund for climate disaster losses and damages at this year's U.N. climate conference, the U.S. will be arguing to efficiently limit its use, said U.S. officials giving a first glimpse of how Washington is seeking to shape the new fund.With wealthy nations slow to deliver $100...
Funds

Analysis: A year on, Europe less fearful of U.S. green subsidies push

Inflation Reduction Act raised fears of investment shift to U.S.EU decision to relax state aid rules has helped ease fearsEU working on more legislationCritics say EU legislation favours big states, big companiesBRUSSELS, Aug 17 (Reuters) - When the United States launched its massive green subsidies push a year ago, many in Europe feared it would be a fresh blow to their regional economy grappling with the knock-on effects of war in Ukraine and lingering aftershocks of the COVID-19 pandemic.Yet while critics argue the European Union has yet to offer a...
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