Climate finance: Wealthy nations accused of 'exaggerating true value' of support by $100bn

Michael Holder
clock • 5 min read
Activists demand more climate finance for developing nations at COP29 | Credit: Michael Holder
Image:

Activists demand more climate finance for developing nations at COP29 | Credit: Michael Holder

Oxfam claims significant chunk of $137bn in climate finance provided by rich nations in 2024 came in the form of loans that only add to the Global South's debt burden

Richer countries have been accused of inflating the true value of the financial support they provide to help low and middle income nations cut their greenhouse gas emissions and adapt to worsening climate...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Nature-Positive Pathways: New guidance aims to boost private finance for nature projects

Milk deliveries plummet during heatwaves, as cows left 'hot and bothered'

More on Climate change

'When Nature Becomes A Security Threat': The Rest Is Politics launches podcast series on the climate and nature crisis
Climate change

'When Nature Becomes A Security Threat': The Rest Is Politics launches podcast series on the climate and nature crisis

Former Green Party leader Caroline Lucas investigates why intelligence chiefs see climate collapse as a major threat to national security

Amber Rolt
clock 17 July 2026 • 2 min read
The UK's warming climate shows action from businesses is urgently needed
Climate change

The UK's warming climate shows action from businesses is urgently needed

Even if we invest in a more resilient country, we must also continue to take action to prevent even worse impacts of climate change, writes Bev Cornaby director of Corporate Leaders Group (CLG) UK

Bev Cornaby, Corporate Leaders Group (CLG) UK
clock 16 July 2026 • 5 min read
Milk deliveries plummet during heatwaves, as cows left 'hot and bothered'
Climate change

Milk deliveries plummet during heatwaves, as cows left 'hot and bothered'

Analysis shows milk deliveries fell on days when high temperature records were set during May and June 2026, as climate impacts on UK food security intensify

Michael Holder
Michael Holder
clock 16 July 2026 • 4 min read