The UN’s flagship climate finance initiative was gripped by a dispute this week over what a project to cope with the impacts of climate change looks like – and who gets to decide.
Tensions rose during the online board meeting of the Green Climate Fund (GCF) after only one out of three adaptation projects submitted to the fund’s secretariat was presented to the board for approval.
Two adaptation projects and one project with both adaptation and emissions-cutting elements didn’t make it pass the fund’s technical advisory panel.
The independent body said it wasn’t clear if the projects were focused on climate adaptation, as opposed to general development, and historical data was lacking.
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