Flawed accounting systems are not giving the true picture of climate finance As global carbon pollution continues to rise, and climate change wreaks more havoc upon the people and places least responsible for the problem, rich polluting countries are now three years overdue on their promise to mobilize $100 billion a year in climate finance for low- and middle-income countries. To make matters worse, says Oxfam, the actual support they provide is much less than reported numbers suggest, and is coming mostly as debt that has to be repaid. Oxfam’s…
Read MoreRich countries’ continued failure to honor their $100 billon climate finance promise threatens negotiations and undermines climate action
