{"id":284243,"date":"2023-10-20T21:03:33","date_gmt":"2023-10-20T19:03:33","guid":{"rendered":"https:\/\/climatescience.press\/?p=284243"},"modified":"2023-10-20T21:03:36","modified_gmt":"2023-10-20T19:03:36","slug":"follow-the-climate-money-updated","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=284243","title":{"rendered":"Follow the Climate Money\u00a0Updated"},"content":{"rendered":"\n
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\u201cThe bilateral and multilateral inflows are a more accurate indication of contributor country budgetary effort, whereas the outflows are a more accurate indication of actual progress towards the $100bn goal.\u201d <\/em><\/strong><\/p>\n\n\n\n

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From Science Matters<\/a><\/p>\n\n\n\n

By\u00a0Ron Clutz<\/a><\/p>\n\n\n\n

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Why climate-finance \u2018flows\u2019 are falling short of $100bn pledge<\/strong><\/a>  is an informative article from CarbonBrief.  Excerpts below in italics followed by a comment from Bjorn Lomborg.<\/p>\n\n\n\n

One of the biggest and most contentious issues in climate politics<\/strong> is the provision of money to help poorer countries<\/strong> cut emissions and protect themselves from climate impacts.  In 2009, wealthy nations pledged<\/strong> to \u201cmobilise\u201d $100bn in \u201cclimate finance\u201d annually by 2020<\/strong> to help vulnerable nations deal with climate change.  As the title notes, even now the target has not been met.<\/em><\/p>\n\n\n\n

Politicians and observers have warned that this failure could undermine trust between nations<\/strong> as they head into negotiations in Dubai. What is more<\/strong>, there are widespread concerns about the quality of finance being offered<\/strong>, with questions surrounding the use of loans instead of grants,<\/strong> different definitions of \u201cclimate finance\u201d and insufficient funding for adaptation<\/strong> efforts.<\/em><\/p>\n\n\n\n

In this article, which updates and builds on a previous analysis published in 2018, Carbon Brief assesses the state of international climate finance as nations prepare for the next COP.  It uses the latest numbers<\/strong> collated by the Organisation for Economic Co-operation and Development (OECD)<\/strong>, a club of mostly wealthy nations, many of which are responsible for contributing climate finance.<\/em><\/p>\n\n\n\n

The OECD,<\/strong> a Paris-based intergovernmental economic organisation, asks its 36 member countries to report on their foreign aid, including climate finance<\/strong>. The data captures climate finance that is both bilateral (country to country) and multilateral (via international institutions)<\/strong> It also gives detailed information about funded projects. (The OECD calls this database \u201cclimate-related development finance\u201d<\/strong> rather than strictly climate finance).<\/em><\/p>\n\n\n

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Key takeaways from 2015-2016 Report<\/strong><\/h5>\n\n\n\n