Climate: ActionAid Decries Poor Global Funding for 'Just Transition' Projects
According to a report by ActionAid International, less than 3% of global climate finance supports "just transition" initiatives.
The report, "Climate Finance for Just Transition: How the Finance Flows," found that only 2.8% of climate funding is channelled to just transition projects.
- Only 1.96% of climate initiatives involve or support local communities.
- Just one US dollar in every 35 spent on climate action goes to efforts ensuring equitable and inclusive transitions to green economies.
Just transition frameworks involve empowering communities to take part in local planning, providing training for green jobs, and supporting incomes during the shift away from polluting industries.
Author's summary: ActionAid criticizes global climate funding.
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