Peru to spend more than $1bn on climate plan, mitigate El Niño | Business

El Niño is expected to contribute to heavy rainfall and potential flooding in Peru.For climate change news and analysis, go to Peru's government will spend some $1.06 billion on climate and weather measures, a senior minister announced on Thursday, in a bid to prevent and contain adverse impacts stemming from climate change and El Niño-related weather events.

Economy Minister Alex Contreras made the announcement during a Cabinet meeting with President Dina Boluarte, emphasizing"significant risks" from climate events that could hit the country's economic health.

_Business What a scam

_Business The bulk of Peru's population - the poor - some cut off from the wealthy by a wall of shame - will be over the moon!

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