Will COVID-19 derail climate finance?

Author Dominic Hofstetter
One step backward, two steps forward

Why It Matters

2020 was set to be an important year for climate action. COVID-19 will delay progress in the short term as stimulus packages intended to soften the impending recession will stretch public dollars, threatening the climate action the world so urgently needs.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"Will COVID-19 derail climate finance?. 2020 was supposed to be a pivotal year for climate action, reaching its crescendo at COP26 in Glasgow this coming November. The UK Government also intended to create a watershed moment for climate finance \u2014\u00a0public or private financing for mitigating climate change \u2014 and even appointed Mark Carney as its Finance Adviser. Then the pandemic happened, taking the spotlight off climate change and forcing the UK Government to postpone COP26. Here\u2019s what it could mean for climate finance going forward. \u00a0 Bad news for climate finance commitments\u23f8\u2587 Article 2.1c of the Paris Agreement commits signatories to \u201cmaking finance flows consistent with a pathway towards low greenhouse gas

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