Briefing

Private financing elusive in global effort to raise US$100B annually for climate adaptation

A new report from Canada and Germany emphasized that more private money is needed to reach an international financing goal by 2023 to help developing countries mitigate and adapt to climate change. In 2020, private institutions contributed US$13.1 billion to climate finance of a total US$83 billion. The report did not disclose how much total funding has been committed or allocated to the cause in 2022. (The Logic)

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