The global battle against the climate crisis hinges on unity among nations, but this unity requires the establishment of climate justice. While some progress has been made, such as the creation of a loss and damage fund by the developed world, true climate reparations remain elusive. The Green Climate Fund (GCF), intended to aid developing economies, is a prime example. Despite its focus, Transparency International Bangladesh (TIB) reveals that the GCF prioritizes international organizations over vulnerable countries, contrary to its principles.
TIB’s study highlights stringent conditions that hinder developing countries’ access to funds, with the GCF failing in its mandate over 12 years. This failure includes inadequate fund collection and imposing loans rather than grants on vulnerable nations. It’s absurd that countries like Bangladesh, left to combat climate change alone due to historical industrialization by developed nations, can only access the fund through loans. The early industrialization of a few nations led to the climate crisis, yet these same nations classify a fund meant for vulnerable countries’ adaptation and mitigation efforts, revealing a cruel irony. True global climate action is impossible without every nation’s commitment, but without climate justice, achieving this remains distant.
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