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NewSecurityBeat

The blog of the Wilson Center's Environmental Change and Security Program
Showing posts by Adam Savelli.
  • Climate Finance: Taking Stock of Investments and Opportunities to Sustain Peace

    ›
    Guest Contributor  //  July 18, 2022  //  By Cesare M. Scartozzi, Adam Savelli & Giulia Caroli
    48963603927_45bddca4f9_o

    A new contribution in a continuing series examining “backdraft” —the unintended consequences of climate change responses—and how its effects might be anticipated and minimized to avoid conflict and promote peace.

    A key pillar of the UNFCCC was a commitment by industrialized nations to cover the incremental cost of climate change mitigation for developing countries. As part of this pledge, they agreed to mobilize $100 billion a year in climate finance by 2020 and maintain that level of funding up to 2025. While there are questions on whether this target has been met, climate finance has undeniably become one of the largest channels of wealth redistribution from developed to developing countries.

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