Economics, Econometrics and Finance
3 years ago

Climate finance shortfall threatens global development and increases inequalities.

Climate Finance Shadow Report 2020: Assessing progress towards the $100 billion commitment
Tracy Carty, Jan Kowalzig, Bertram Zagema

Paper Summary

Climate finance is crucial for helping developing countries deal with climate change impacts. Developed countries pledged to provide 100billionannuallyby2020forthispurpose.Thereportassessesprogresstowardsthisgoal,focusingondonorfiguresfor2017−18.Itexamineshowclimatefinanceisbeingused,whereitisgoing,andhowclosewearetothe100 billion annually by 2020 for this purpose. The report assesses progress towards this goal, focusing on donor figures for 2017-18. It examines how climate finance is being used, where it is going, and how close we are to the 100billionannuallyby2020forthispurpose.Thereportassessesprogresstowardsthisgoal,focusingondonorfiguresfor2017−18.Itexamineshowclimatefinanceisbeingused,whereitisgoing,andhowclosewearetothe100 billion target. The findings will inform future climate finance strategies.

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