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Behind the smokescreen around private climate finance
Context:
Grant-based and concessional international public climate finance has a key role in addressing the needs and priorities of developing countries.
Unachieved goals
- $100 billion goal: UNFCCC Standing Committee on Finance (SCF), report says that the $100 billion goal is unaccomplished, & the mobilization of private funds by developed countries hasn’t yielded.
- Sources of Data: The SCF report relied mainly on the Organisation for Economic Co-operation and Development (OECD) and Oxfam reports for aggregate climate finance trends.
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