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Global environment fund raised billions but holds under $10,000
Original: Governments set up a fund to raise billions for the environment. Why has it barely reached $10,000?
Governments created a fund intended to raise billions of dollars for environmental protection, yet it has received barely $10,000 in contributions. The Financial Times is highlighting the stark gap between the fund's ambitious goals and its near-empty coffers, drawing attention to the reluctance of wealthy countries to commit money to international green financing schemes.
Why now: A high-profile environmental fund attracting almost no money despite bold pledges is embarrassing for governments and reinforces skepticism about climate finance promises.
Financial Timesnational governments
Evidence
- Governments set up a fund to raise billions for the environment. Why has it barely reached $10,000? · Financial Times
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