A billion people without electricity ‘missing out on pledged climate funds’
UN climate summit in Poland will hear public money available is not enough to provide clean energy for those living off-grid
The world’s 1 billion people who live without electricity are not benefiting from climate change money promised by governments to help them develop.
In theory, there has never been a better time for developing countries to install renewable energy such as solar or wind to combat climate change. The UN’s Green Climate Fund (GCF), along with the World Bank and regional development banks, have all said they intend to significantly increase their green energy financing, offering developing countries cheap loans and grants. Many donor countries like Britain and Japan have also pledged to help poorer nations switch to clean energy.Continue reading...