"U.N. Climate Projects, Aimed at the Poorest, Raise Red Flags"

"A landmark pledge seven years ago by the world’s richest nations to spend billions to help developing countries tackle climate change seemed like a godsend for Kiribati, the Pacific island nation threatened by rising seas.

The result of that promise was the Green Climate Fund. But Kiribati — like many of the poorest countries most vulnerable to climate change — has yet to see any project funding.

Instead, many of the projects that have won early backing were approved despite concerns raised by current and former observers on the fund’s board over whether officials had done due diligence on projects — especially on those involving the private sector, which make up half of the approximately $2.6 billion in project financing authorized so far."

Hiroko Tabuchi reports for the New York Times November 16, 2017.

SEE ALSO:

"A More Conciliatory Tone on Climate from the U.S. at Global Talks" (New York Times)

"At U.N. Climate Conference, Treading Lightly Around the Americans" (New York Times)

"Trump Adviser Says Past U.S. Emissions A 'Distraction' In Fixing Climate" (Reuters)

"CO2 Emissions Were Flat for Three Years. Now They’re Rising Again." (New York Times)