Hard-hit by COVID-19, Latin America seen skimping on climate cash

Latin America is investing too little in a green economic recovery from COVID-19, with only 2% of the region’s stimulus funds being spent on projects that help fight climate change, new data from Oxford University showed. Last year, 33 Latin American and Caribbean nations allocated $318 billion to fiscal and stimulus measures, but the tiny share spent on environmentally friendly initiatives lagged far behind the global average of 19%, according to data from Oxford’s Global Recovery Observatory.