Environment

New Finance for Climante Change and the Environment

Published: 26 June 2014

The world has moved beyond simple acknowledgement that climate change and environmental degradation pose significant risks to humanity and the planet’s ecosystems. In recognition of the increased vulnerability of billions of people, mostly in the developing world, Northern donors have pledged billions of dollars in new financial commitments. Those funds are to be delivered through no fewer than a dozen new environmental funding mechanisms seeking to mitigate these risks and to help the most vulnerable to adapt to coming societal and environmental changes.