Over the last 30 years, at least 94 green-climate funds1 have been created to finance climate-related projects and programs in Emerging Markets and Developing Economies (EMDEs). Each individual fund may have been justified at the time of its creation. As a system, however, they do not add up and...

The 2015 Addis Ababa "Billions to Trillions" initiative called for stepped-up private sector investments and financial flows in developing countries. But instead of closing, the "trillion" dollar gap between development and climate needs, and and the actual flows continues to widen. Was it a...