A group of nations responsible for nearly half of all global warming pollutants said on Monday it has launched a new finance initiative to oversee massive investment in climate technologies that can help fulfill the 2015 Paris Agreement.
The European Union and seven nations from four continents — Argentina, Canada, Chile, China, India, Kenya and Morocco — set up the International Platform on Sustainable Finance, or IPSF. Together they account for 44% of global carbon dioxide emissions and an equal share of the world's GDP.
