Talking about climate finance can feel like a complicated puzzle. But guess what? It doesn’t just have to be a topic for money experts and politicians! Everyone can learn about it and speak up for a better, more honest, and fair system. With a little bit of help, we can all understand how to make sure money is used right to fight climate change and support everyone in the world.
Rich countries promised to give a lot of money to help poorer countries deal with climate change. But, they haven’t given as much as they said they would. Because of this, poorer countries are missing a big amount of about $381.6 billion since 2013.
The Trouble with Loans
Poorer countries, especially in Africa, have to borrow money at much higher costs than rich countries. This makes it harder for them to make changes like using clean energy because they are paying a lot more just for borrowing money.
Where the Money Goes
We need to change where the money for fighting climate change is going. Right now, most of it goes to rich countries and big economies like China. But, we need to make sure more money goes to places that are just starting to grow and need it the most.
The Unfair Struggle
Poor countries are having a tough time because of climate change even though they didn’t cause most of it. They need money to deal with problems like extreme weather, but they aren’t getting enough help.
Loans and Tough Choices
Most of the money given to poor countries comes as loans with big paybacks. Because they have to pay back so much, these countries might have to use their own resources, like oil, in ways that make climate change even worse.
Conclusion: Speaking Up for Change
We can all help by learning more and talking about these issues. We can ask for changes that make the climate money system more open, honest, and fair to everyone, no matter if they are from a rich or poor country.
Let’s Get Involved!
Let’s learn, talk, and ask for a better system together! By sharing what we know and asking for fairness, we can help make sure the money used in fighting climate change goes where it’s needed most.
Learn more by watching our webinar "Show Us the Money!: Demystifying Global Climate Finance":