Private Sector’s Role in Climate Fight Grows During War in Ukraine
Governments grappling with shortages of food and fuel caused by the war in Ukraine are less focused on climate change. Businesses and investors are pushing ahead and taking a bigger role in trying to limit rising temperatures.
Investors were optimistic that last year’s global summit in Glasgow, Scotland, would yield progress. But most of the world’s biggest emitters have done little to follow through on a deal reached there to accelerate greenhouse-gas cuts. Many countries are restarting coal power plants and relying more on oil and natural gas to make it through this year’s energy crisis.