Climate Finance

by Daimen Hardie on November 25, 2015

Problem: “Do as we say, not as we do”. The world’s poorest countries and the most vulnerable to climate change have historically contributed the least to global greenhouse gas emissions. Yet today these nations are under pressure from the Global North, countries that grew rich themselves burning fossil fuels, to forgo a high-carbon path to development. It’s just not right.

Opportunity: Flows of ‘climate finance’ from rich to poor for climate change mitigation and adaptation efforts could be a part of the answer, and offer an opportunity to address deeper problems of global inequality at the same time.

Future: It all comes down to how exactly climate finance flows. It must go beyond the question of emissions and provide opportunity to correct deeper inequality among rich and poor nations at the same time. Alleviating poverty, building agency among the most vulnerable, and providing viable alternatives to traditional growth should be given equal weight - because if we’re equal players in the fight against climate change, we need to become equal partners also. Can climate change finance a more equitable world?

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