Published: June 18th, 2024,
Last updated: June 18th, 2024
Global climate finance is in a dilemma: In the coming years, hundreds of billions in financial support must flow for climate action in the Global South, while simultaneously avoiding exacerbating the debt crisis in many of these countries. This dilemma played a significant role at the climate interim conference in Bonn and will continue to do so at COP29. Today, we analyze options for how climate financing can flow without driving the countries of the Global South into ruin. Spoiler: There are solutions, but they need to be scaled quickly.