The EU favours middle-income countries with its climate aid program, according to analysis by a coalition of development agencies. In a report, the Act Alliance called on the EU to revise its climate finance strategy after finding EU institutions channeled 78% of their funding to middle income countries.

Loss and damage (L&D) due to climate change impacts is already a reality for many people, especially the most vulnerable. So far, there is no prospect of sufficient financial support for dealing with actual L&D within the climate regime (UNFCCC).

Improved national financial monitoring systems will increase accountability on climate change spending and foster transparency for global efforts to reach the goals outlined through the Paris Agreement and 2030 Agenda for Sustainable Development, according to a joint study issued today by the United Nations Development Programme (UNDP) and the L

Addressing the climate challenge rests inter alia on the availability of adequate and sustainable climate-smart finance, along with properly designed mechanisms for its smooth provision.

Climate changes and the loss of biodiversity are twin challenges. Each threatens to undermine efforts to achieve sustainable development.