WASHINGTON (AP) – The international effort to fight climate change is getting injected with a bit of Hollywood flash, a lot of Wall Street green and a considerable dose of cheerleading, rather than dry treaty negotiations.
Business leaders, mayors, governors and activists from around the world gather this week in San Francisco for the Global Climate Action Summit, where participants will trumpet what they’ve done and announce new efforts to slow the world’s warming.
It will involve trillions of dollars of pledges for spending on cleaner energy and getting out of investments in heat-trapping fossil fuels.
But a new United Nations report indicates that so far pledges by businesses, cities and states have amounted to more talk than action.
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