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Climate-related foreign aid is on the rise, with signatories to the Paris Climate agreement pledging US$100 billion annually to promote mitigation and adaptation in recipient countries. While this seems like a welcome development, we have little evidence that climate aid actually encourages...
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This retrospective examines how the World Bank's strategic use of climate-related trust funds has enabled it to play an … finance, with a focus on the pioneering role of the Global Environment Facility (GEF) and World Bank carbon funds in spurring … climate change mitigation activities, this report draws lessons and recommendations on how the World Bank and the wider …
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