Lambasted by Donald Trump and much criticised from all sides, the seemingly friendless Green Climate Fund has begun doling out money.
|"We must protect the Amazon, as the life |
of the planet depends on this ecosystem."
Five years after its inaugural meeting, the fund has almost $10 billion of donations pledged but only a few million dollars have reached climate projects.
With its next board meeting scheduled for the 5-6 July, the UN-backed conduit for climate finance announced a series of payouts in May and June totalling $5.2m. A press release said the fund was scaling up disbursements.
On Friday, the Maldives received the first $3m of $23.6m committed to build better water infrastructure in the atoll nation, which is threatened by it lack of natural reservoirs, rising seas and saltwater intrusion.
Reads the Climate Home story - “Cash begins trickling out of Green Climate Fund.”