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Thursday, October 3, 2024
Imbalances in the global climate finance flow
There are clear imbalances in the global climate finance flow. Vast majority of the flows go to advanced economies and East Asia and Pacific region (mostly to China) – near 85% of the total $1415 bn private and public financing.
Adaptation accounts only for around 5% of the global climate finance and the rest is spent for climate mitigation purposes.