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.