What’s needed to close the climate finance gap

Read the full story in GreenBiz.

At the close of the G7 Summit earlier in June, the leadership of the Group of Seven departed Cornwall with a clear mandate to “build back better.” Specifically, wealthy nations are attempting to navigate both the ongoing turmoil of the COVID-19 pandemic and the ever-present reality of the climate crisis. In doing so, they must confront certain core aspects of these crises, and the approaches that they take set an important precedent for the COP26 summit in November.

Here is a deeper look at $100 billion that wealthy nations have promised to less-developed economies. As we explain, the challenge has not only been getting wealthy nations to commit their share to this sum, but also in delivering this aid so that it can be effective.