In this blog, we briefly summarise six worrying trends in how climate finance is being spent, and recommend the GPEDC set up a working group on climate finance, alongside three other recommendations for policy-makers at bilateral and multilateral development agencies; as well as those working on the new climate finance goal with the UNFCCC.
At COP27, world leaders will try to raise funds for coping with the effects of climate change. Donors should make more money available and distribute it more equitably, particularly to countries beset by both climate change and war.
Next week, officials will meet in Geneva for the next round of negotiations for the global biodiversity framework. High on the agenda is the need to connect climate change and nature, including mobilising finance that delivers outcomes for both. Yet, as Nora Nisi and Ebony Holland explain, there is still a long way to go to achieve this