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Last update: July 8, 2024

Climate finance: How much are emerging economies paying?

Funded by China as part of the “New Silk Road”: The new tramway in Lagos, Nigeria (IMAGO / Xinhua)
In the dispute over the financing of global climate action, demands are growing louder that emerging markets like China should also contribute. A study reveals surprising results: Countries in the Global South are apparently paying more than previously thought.
Bernhard Pötter
Bernhard
Pötter
Emerging markets such as China, India and Brazil are contributing significantly more to the international financing of climate action measures than generally assumed. For example, a study shows that in 2020, China paid more than two billion US dollars in climate aid to other countries in the Global South, both directly and indirectly. Other G77 countries contribute hundreds of millions. This is according to an extensive study by the renowned British think tank Overseas Development Institute (ODI).
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