What exactly is climate finance? Who pays it? And who gets it?

Richer countries have agreed to give poorer nations hundreds of billions to cut emissions, but details can be hard to findChina and Saudi Arabia among nations receiving climate loans, analysis revealsSixteen years ago, at the climate summit in Copenhagen, rich and polluting countries pledged to provide $100bn (£76bn) each year by 2020 so that poorer countries could cut their emissions and adapt to a hotter world. Last year, they set a new target of $300bn (£227bn) a year by 2035.But tracking what really counts under the banner of climate finance has long been fraught – with some experts dubbing it a “wild west” of vague definitions, questionable projects and inflated accounting. Continue reading...

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