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The UK government has reclassified nearly £500m of aid for war-torn and impoverished countries as “climate finance”, in a bid to meet its international commitments under the Paris Agreement.
The World Bank and International Monetary Fund (IMF) held their spring meetings last week in Washington DC – a key event in a critical year for international climate finance.
Cambodia’s reliance on microloans, long touted as a way to reduce poverty, belies concerns over debt-fuelled deforestation.
But it is Singapore and Vietnam which have made the most progress in reaching climate goals over the past year, as the region grapples to meet US$1.5 trillion required to achieve 2030 emissions targets.
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