finanza climatica

Nearly 40% of all “climate” funds disbursed by the World Bank over the last seven years have gone unaccounted for:this is what reveals something new relationship recently published by Oxfam on the occasion of the annual summits of the World Bank and the International Monetary Fund.The World Bank's 2017/2023 climate finance portfolio did not account for a figure between 24 and 41 billion dollars, between the time projects were approved and when they were closed.As reported by Oxfam, there is no public register that demonstrates where this money went or how it was used, which makes any assessment of its impact impossible.It is therefore unclear whether these funds were spent on some of the planned initiatives, such as helping low-income countries implement adaptation policies and investments;to protect people from the impacts of climate change or have been spent otherwise. “The Bank boasts about its billions in climate finance, but these numbers are based on what it pla...

COP 29, the twenty-ninth annual United Nations conference on the fight against climate change, will be held in Baku, Azerbaijan, between 11 and 22 November.For the first time, the event will take place in a former Soviet republic and will see between 40 and 50 thousand participants, including delegates, officials, political and economic and financial leaders and members of NGOs - an extremely high number, albeit lower than the 84 thousand participants at COP28 in Dubai last year.At the center of this year's event will be the discussion regarding funding, for which countries would be ready to negotiate a new global climate finance target, the New Collective Quantified Goal (NCQG).As with the United Arab Emirates last year, Azerbaijan appears unlikely to be a host country for the climate initiative.Its economy is largely dependent on the extraction of fossil fuel, while its political culture, authoritarian and resistant to critical examination, is at odds with the principles of transpare...