Among the 36 most vulnerable countries, eight received less than $20 per person per year in CCA financing; six received less than $10 and 22 countries received less than $5.“Wealthy nations have mobilised trillions in their fight against Covid-19. Yet climate change remains a grave threat to humanity.
It suggested ambitious new targets for the next five years to meet growing needs, including doubling climate finance to the most fragile and climate-vulnerable countries, helping to build resilience to natural hazards for the long-term. These, it says, should be adopted at COP 26, the annual United Nations “conference of the parties”, where global climate actions are agreed – it is due to be held inThe report says there are many reasons why countries most at risk from climate chaos are not prioritised for climate finance. “Bilateral donors in particular have been found to preferentially allocate finances to countries that have a stable and hospitable business environment,” it says.
Donors’ financing strategies have also been shown to be based on political or historical alliances and geography. Concern Worldwide and the Mercy Corps work in partnership under the Zurich Flood Resilience Alliance, which seeks to support practical ways to help save lives by strengthening community resilience to floods globally. Their report is available at