New scorecards expose what’s going wrong in the climate finance delivery chain – and pilot how to fix it Climate finance for adaptation projects is delivered through a chain comprising actors that provide the funds, intermediaries that allocate those funds and local communities and organisations that implement projects with the money they receive. But not enough money is reaching local …

Abstract International public climate finance is an important catalyst for curbing growing emissions from developing countries and enabling them to adapt to the impacts of climate change. Developing countries consider the fulfillment of their Paris Agreement emission reduction pledges to be conditional on receiving climate finance. Prior studies have hypothesized that increasing financial support to developing countries will likely increase their climate ambitions. With …

Climate Tribune | September 2022 Articles in the series ‘Financing climate adaptation at the last mile’ by Abdullah Zahiruddin Ahmad ‘Global goal on adaptation’s potential to incorporate local communities’ voices’ by Afsara Mirza and Md Bodrud-Doza Zion ‘Evolution of LLA: How locally- led adaptation came into the climate change arena’ by Fatema Akhter, Dr. Saleemul Huq and Afsara Binte Mirza …

The Green Climate Fund (GCF), though the youngest financial mechanism under the United Nations Framework Convention on Climate Change (UNFCCC), is one of the largest multilateral climate funds. However, only 19 percent of direct entities receive this funding, since only accredited entities are eligible to apply for it due to very high transparency and fiduciary standards set by the GCF …

G7 progress on mobilising trillions needed in clean infrastructure investment for developing countries appears largely rhetorical Developing country observers gazed on at COP26 when various leaders of wealthy and industrialized G7 countries spoke of aspirations to mobilize the trillions needed in clean infrastructure investment for developing countries. The teasing of trillions was an important part of advancing the dialogue at …

Bangladesh is one of the most vulnerable countries due to climate change impacts. The low-lying land at the end of one of the world’s largest river delta systems makes Bangladesh more prone to natural disasters, like flash floods, monsoon floods, landslides, cyclones, storm surge, salinity intrusion, drought, and unpredictable rainfall. According to the Global Climate Change Risk Index, over the …

One of the positive outcomes of the COP26 held in Glasgow, Scotland in November 2021 was a universal acknowledgement of the failure of developed countries to deliver climate finance to developing countries, and even of developing countries themselves to actually deliver to the most vulnerable communities within their own territories. While it is good that countries acknowledged their failure and …

World leaders, delegates from the nation countries recently gathered in the 26th Conference of the Parties (COP26) hosted in partnership between the UK and Italy in November 2021 in Glasgow to agree on a path forward for tackling global warming. Parties debated over the issues on net zero-emission, Loss and Damage, Mitigation and Adaptation, Finance, Transparency to develop a common understanding. …

Slow action to cut emissions and deliver finance means Glasgow summit will likely fall short of keeping 1.5C goal alive and protecting vulnerable people, warns Saleemul Huq * Climate summit logistics favour rich, but wild weather hits all * Failure to deliver climate finance for vulnerable ‘a farce’ * Youth and big-emitting developing nations start to tip balance By Laurie …

Losses are growing in rich as well as poor countries – and it’s time to have an effective system to deal with them The adverse impacts from human-induced climate change are known as “loss and damage” – and how to tackle this issue has been a politically contentious issue in the United Nations climate negotiations for years. But loss and …