Oxfam report says only $11.5bn (£9.2bn) of climate finance in 2020 devoted to helping vulnerable states

Rich nations are undermining work to protect poor and vulnerable countries from the impacts of the climate crisis, by providing loans instead of grants, siphoning off money from other aid projects or mislabelling cash, new research suggests.

Only $11.5bn (£9.2bn) of climate finance from rich countries in 2020 was devoted to helping poor countries adapt to extreme weather, despite increasing incidences of climate-related disaster, according to a report from the charity Oxfam.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Euro falls to brink of parity with dollar over fears Russia will cut off gas supplies – business live

Euro slides to a 20-year low on fears an energy crisis will…

‘Barbie was my queen, Hulk Hogan a flop’: the rise and fall of novelty bubble bath bottles

Twenty years ago, bathtime wouldn’t have been much fun without Bart, Barbie…