Making global climate finance work for local solutions
How to mobilize climate finance is one of the key recent debates sparked by the climate crisis. The first step is to recognize that not all countries bear the same responsibility for the crisis, nor are they equally able to respond to it. This means that those countries which have contributed most to the climate crisis are obliged to provide financial resources to assist developing countries implement climate action plans. But this is just the supply side: the way finance is mobilized. The way the money is spent is more complex. How best to distribute (enough) climate finance justly and equitably is a tricky question. One that’s at the heart of climate justice. Let’s get to the bottom of it!.
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