"@CARE found that an estimated $103 billion of climate finance reported by #G7 nations has simply been siphoned straight out of development aid budgets, including funds intended for #health, #education, #genderequality," says @davidrvetter for @Forbes https://bit.ly/3OUyilj
NEW: not only are rich nations not providing the $100bn they promised in climate finance to the developing world—the💰that has been provided has simply been siphoned from existing aid programs. @CAREGlobal on a global scandal, with @JohnNordboCARE #G7 https://www.forbes.com/sites/davidrvetter/2022/06/27/as-g7-meets-the-worlds-richest-nations-water-down-aid-and-climate-finance/?sh=3e0e434d1486
#ClimateFinance from #G7 countries MUST be “new & additional” as promised. Latest report from @CARE shows that most finance reported by rich countries are actually taken from development aid budgets. #ThatsNotNewMoney #ClimateJustice
Find out more 👉🏽https://careclimatechange.org/worlds-richest-countries-top-up-climate-finance-with-funds-diverted-from-worlds-poorest/
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