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This is well below the US$387 billion a year that developing countries need, according to the United Nations Environment Programme (UNEP)’s Adaptation Gap Report. One of the ways to increase funding, according to UNEP, is for the Loss and Damage Fund to move toward more innovative financing mechanisms. MDBs provided about US$5.5
Worst sort of greenwashing One aspect, she says, is highlighted by drawing a dividing line between the oil and gas industry on the one hand and other sectors that have lobbied on climate action issues, such as steel, chemicals and cars. In October 2021, UNEP reported : “Global plastic production has risen exponentially in the last decades.
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