Climate Central reports: Some of the biggest U.S. corporate names have offered their support – and billions of dollars in green financing pledges – to buttress the Obama administration’s quest for a global agreement on combating climate change.
Google, Apple, Goldman Sachs and 10 other well-known companies joined the White House on Monday in launching the American Business Act on Climate Pledge, a campaign that the White House said would inject $140 billion in low-carbon investments into the global economy.
Massive private sector commitments are seen by participants as essential to getting a global agreement on climate change in Paris in December. Emerging nations have demanded that any agreement include tens of billions of dollars in financing from developed nations to help their economies adapt to a low-carbon future. [Continue reading…]