Opinion: Where is the money? A call for transparency in climate finance at COP27

When world leaders gather in Egypt this week at the 27th Conference of the Parties climate conference, one question will loom large:It’s a valid question. Developing countries need at least US$1.7-trillion a year by 2030 to support their climate action and transition to a low-carbon future. Making sure that money materializes is one of the great challenges of our time.

Even consummate data users like me find it difficult to decipher who is bringing real money to address the climate emergency in the near term, let alone where it is going and how it is being used. After more than three decades working in international development, I have seen the value of transparency in these kinds of efforts. It reminds me of the push for greater aid transparency a generation ago, the Heavily Indebted Poor Countries debt relief initiative of the 1990s that I led for the World Bank, and the movement to improve the transparency of extractive-industry revenues in the early 2000s. More recently, debates have focused on debt transparency.

They steal from the middle class and give it back to the lower class. It pays to keep your income at the poverty line . Dental,cost of living increase and other benefits

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COP27 summit: Finance takes centre stage at climate talks as developing countries seek detailsUN experts on Wednesday published a list of projects worth $120-billion that investors could back to help poorer countries cut emissions and adapt to the impacts of global warming They should all shove one of their personal carbon trackers somewhere, so we can watch their entitled hypocritical self fly around on private jets!
Source: globeandmail - 🏆 5. / 92 Read more »