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How climate finance ‘flows’ around the world is an informative article from CarbonBrief. Excerpts below in italics followed by a comment from Bjorn Lomborg.
Climate finance is one of the bedrocks of negotiations at the United Nations Framework Convention on Climate Change (UNFCCC), including the “COP24” talks taking place this month in Katowice, Poland.
“Climate finance” refers to money – both from public and private sources – which is used to help reduce emissions and increase resilience against the negative impacts of climate change.
Rich countries have promised they will provide $100bn a year in climate finance to poorer nations by 2020. The UNFCCC’s recent biennial assessment found this sum had reached $75bn in 2016, a step forward compared to the $65bn given in 2015.
The OECD, a Paris-based intergovernmental economic organisation, asks its 36 member countries to report on their foreign aid…
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