What will it take for climate finance — the dollars working to address the causes and consequences of climate change — to actually trickle down to the local level?
Across the sector, there’s an understanding that communities on the front lines of climate change should be the ones calling the shots. But in 2023, just 17% of climate finance was reaching the local level, the International Institute for Environment and Development’s Rojy Joshi told an audience at Devex’s Climate + Finance event in London on Tuesday.
“Obviously, we want more climate finance reaching the local level,” Joshi said. “But the point is also about the quality of that finance, and getting more agency to the local level.”