Climate Change: Two Funds, Same Money

The United Nations’ Green Climate Fund is facing competition from the World Bank’s Climate Investment Fund, which was meant to act as an interim trustee while the U.N.’s fund got under way. The international community is left to decide which fund deserves money earmarked for efforts to combat climate change, a situation that some NGOs and civil society organizations find troubling. “Personally I think that competition is good,” faculty fellow Billy Pizer told Le Monde Diplomatique. “I think it makes people operate more efficiently and be more responsive.”

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