2min chapter

The Climate Question cover image

Was the COP climate summit a success?

The Climate Question

CHAPTER

Challenges of Climate Finance: Loans vs. Grants

This chapter examines the detrimental effects of relying on loans instead of grants for climate finance, which worsens the debt burden on developing countries. It underscores the pressing challenges posed by climate change, the misallocation of funds towards fossil fuels, and the need for major emitters to commit to significant emissions reductions.

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