Mere weeks ahead of this year’s United Nations climate conference, COP 28, the big question of funding looms. Why is money for low-income countries and for adaptation lagging? With a lot of emphasis on meeting commitments to low-income countries, how can institutions and investors create the right tools and ensure funding doesn’t leave out small island states and the most climate-vulnerable nations, even if they are middle-income?
Some existing funds appear to be missing the mark, and it’s unclear whether new funding efforts will truly fill the gap. We’ll be writing a lot about climate throughout the next month, but here are a few stories that should be on your radar today.
The Green Climate Fund may be the biggest global climate fund, but it’s not doing a great job of getting money out the door to communities struggling to deal with the impacts of climate change, according to several NGOs.
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About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.
