Document Type

Report

Publication Title

Climate Finance Policy Brief

Abstract

This brief considers the scope and objectives of dedicated international public finance directed to the region, drawing on Climate Funds Update data. It finds that most international public climate finance has been directed to a small number of large projects in Egypt and Morocco using concessional loans. These two countries receive 80% of total approved climate finance in the region, largely from the World Bank administered Clean Technology Fund. No climate finance has been directed to the richest fossil fuel exporters in the region such as Qatar, Saudi Arabia, Oman, and the United Arab Emirates (UAE). Although good examples of adaptation projects are emerging (largely focused on water management, agriculture and rural development), adaptation remains gravely underfunded. Furthermore, although access to education and healthcare is increasing, in many countries gender disparities are a difficult social and political issue.

Publication Date

11-2012

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