Climate Finance Promised by Rich Countries Is Worth Much Less than Announced
4 Articles
4 Articles
The climate financing promised by the rich countries is worth much less than what was announced. In the current global context, climate change represents one of the greatest threats to humanity and the planet. To address this crisis, the international community has established various cooperation mechanisms, including the promise of developed countries to provide funds for the fight against global warming in developing countries. However, a deta…
Oxfam Intermón report reveals that 65% of 2024 funds were delivered as commercial loans, increasing the debt of the Global South in the midst of environmental collapse
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The real funding, Oxfam said, was between $33 billion and $45 billion, about $100 billion less than the total declared by these governments.
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