U.S. New York

Broad coalition of cities and banks pledge billions to curb carbon emissions

The assembly of 16 of the world’s largest cities and five banks also includes ex-President Bill Clinton, New York Mayor Michael Bloomberg and several corporations. Under the plan, developed through the William J. Clinton Foundation, participating banks would provide up to $1 billion each in loans to cities or private landlords to upgrade energy-hungry heating, cooling and lighting systems in older buildings.

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