Q&A: Climate finance at World Bank and IMF spring meetings 2024
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The Global South Climate Database
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This week in data:
Documents obtained as part of a freedom-of-information (FOI) request reveal that the UK government reclassified nearly £500m in humanitarian aid meant for war-torn nations as climate finance, in a bid to help meet its pledges under the Paris Agreement.
According to Carbon Brief analysis, the humanitarian projects in nations such as Afghanistan, Yemen and Somalia being “double-counted” as climate finance have no explicit link to climate action.
While the UK was previously viewed as setting higher standards than other countries on climate finance, experts tell Carbon Brief that the government’s new approach of repackaging development and humanitarian aid instead of providing new money “risks breeding cynicism and mistrust”.
