Wealthy Countries Fall Short on $100-Billion Annual Climate Fund Promise – The Energy Mix: The international NGO’s 2020 Climate Finance Shadow Report concludes that only $59.5 billion in climate finance was delivered to under-resourced nations in the 2017-2018 period. And 80% of that took the form of loans, not grants, writes Climate Home News.

Adding insult to the injury of having to repay monies spent on protecting themselves from a crisis they played little role in creating, the climate finance often took the form of “investment in projects with weak climate credentials.”

Wealthy Countries Fall Short on $100-Billion Annual Climate Fund Promise – The Energy Mix: The international NGO’s 2020 Climate Finance Shadow Report concludes that only $59.5 billion in climate finance was delivered to under-resourced nations in the 2017-2018 period. And 80% of that took the form of loans, not grants, writes Climate Home News.Adding insult to the injury of having to repay monies spent on protecting themselves from a crisis they played little role in creating, the climate finance often took the form of “investment in projects with weak climate credentials.”Read More