10 Things to Know About Climate Finance in 2016
Did you know that multilateral climate funds approved US$1.7 billion in 2016, with more than one billion coming from the Green Climate Fund (GCF) alone? Or that climate funds are increasingly diversifying the financial instruments they use? Or that the cost of damages caused by Hurricane Matthew in Haiti this year alone exceeds eightfold the climate finance amount that the Caribbean has received from 2003 – 2016, while adaptation finance overall continues to lag behind? These are some of the climate finance facts from 2016 that a series of graphs depict, which were compiled by ODI and hbs drawing on date from www.climatefundsupdate.org.
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