Rich nations accused of inflating climate adaptation finance figures
A close reading of 112 projects representing 13% of global adaptation finance in 2013-17 found the 25 donor countries collectively overreported the amount supporting climate adaptation by 42%. Under the UN climate process, the developed world has committed to mobilise $100 billion of climate finance a year by 2020, with a balance between mitigation (carbon-cutting) and adaptation projects. At the last count in 2018, they delivered $16.8 billion in adaptation finance, according to the OECD – but if overreporting levels persisted, the true amount could be less than $10bn, Care said. “I...
Source: euractiv.com
