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Green Digital Finance Alliance aims to boost climate action



Climate Finance

Yes, there’s an app for that. Ant Financial, the Chinese online-payments processor that spun off from Alibaba, launched the alliance with the UN’s Environment Program to drive digital technologies that support climate action.

About 72 million people already use One, Ant’s smartphone app, that lets users create a carbon account and earn ‘green energy credits’ for reducing their footprint.

Ant has more than 450 million customers and process about 58 percent of China’s online payments through its ‘Alipay’ service.

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