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Half of nearly $8b in global climate funds going to just 10 nations: Study

2014-12-08 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Business Times: More than half of the $7.6 billion in international funds given to the developing world to cut emissions of greenhouse gases and mitigate the effects of climate change has gone to just 10 nations, according to a study conducted by Overseas Development Institute (ODI), a London-based think tank. The study also found that countries most at risk from a warming climate had, over the last decade, received much smaller amounts than needed. The top recipients of finance were Morocco, Mexico and Brazil,...

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