Climate: ActionAid Decries Poor Global Funding for 'Just Transition' Projects
ActionAid International has expressed concern over the inadequate global funding for 'just transition' projects, which prioritize workers, women, and communities most affected by the climate crisis.
A recent report, Climate Finance for Just Transition: How the Finance Flows, found that only 2.8% of climate funding supports 'just transition' initiatives, while a mere 1.96% of climate initiatives involve or support local communities.
Only one United States dollar in every 35 spent on climate action goes to efforts ensuring equitable and inclusive transitions to green economies.
Just transition frameworks aim to empower communities to participate in local planning, provide training for green jobs, and support incomes during the shift away from polluting industries.
Author's summary: ActionAid criticizes low funding for climate justice projects.
- 2.8% of climate funding supports 'just transition' initiatives
- 1.96% of climate initiatives involve or support local communities