{"id":4523,"date":"2015-11-16T20:47:14","date_gmt":"2015-11-17T01:47:14","guid":{"rendered":"https:\/\/english.cpnn-world.org\/?p=4523"},"modified":"2020-01-03T05:51:10","modified_gmt":"2020-01-03T10:51:10","slug":"global-climate-cash-flows-neared-400bn-in-2014-report","status":"publish","type":"post","link":"https:\/\/english.cpnn-world.org\/?p=4523","title":{"rendered":"Global climate cash flows neared $400bn in 2014 \u2013 report"},"content":{"rendered":"
\n

. . SUSTAINABLE DEVELOPMENT . .<\/p>\n

An article by Megan Darby, Climate Change News<\/a><\/p>\n

Climate-friendly investments worldwide reached a record US$391 billion in 2014, up 18% from 2013 levels.<\/p>\n

\"climatechange\"<\/a>
\n(Photo from Flickr\/Aaron)<\/center><\/p>\n

Private sources poured US$243 billion into renewable energy, a 26% increase on the previous year. Public investment rose steadily to $148 billion.<\/p>\n

That is according to Climate Policy Initiative\u2019s latest climate finance report, which covers flows within national borders as well as from rich to poor countries.<\/p>\n

\u201cThere is more money than ever before being invested in low carbon and climate resilient action,\u201d said lead author Barbara Buchner. \u201cAt the same time, more needs to happen.\u201d<\/p>\n

East Asia and the Pacific accounted for $119bn of the total, up 22% by 2013, with China alone the destination for $84bn.<\/p>\n

Africa, Latin America, East Asia and the Caribbean received the bulk of funds for adaptation projects.<\/p>\n

Experts say trillions will be needed over the coming decades to hold global warming to 2C, the goal of next month\u2019s Paris climate summit.<\/p>\n

That includes targeted funds to help poorer countries green their economies and protect citizens from the impacts of climate change.<\/p>\n

But in 2014 three quarters of the total and 92% of private money was spent in its country of origin.<\/p>\n

\u201cIf countries get their domestic policy frameworks right, that really can trigger a big change in making money flow,\u201d Buchner told Climate Home.<\/p>\n

National contributions submitted to a UN climate deal set out policies in areas like clean energy, flood defences and forest protection for more than 160 countries.<\/p>\n

These \u201cgive an indication countries are serious about this issue,\u201d said Buchner.<\/p>\n

Only 17% of the public finance went towards adaptation, however \u2013 measures to guard against weather extremes and sea level rise, which are of particular concern to the world\u2019s poorest.<\/p>\n

(Thank you to Janet Hudgins, the CPNN reporter for this article.)<\/p>\n<\/div>\n

Questions for this article:<\/div>\n
<\/div>\n
\n

\n

Despite the vested interests of companies and governments, Can we make progress toward sustainable development?<\/a> <\/p>\n

Are we making progress in renewable energy?<\/a>
\n<\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

. . SUSTAINABLE DEVELOPMENT . . An article by Megan Darby, Climate Change News Climate-friendly investments worldwide reached a record US$391 billion in 2014, up 18% from 2013 levels. (Photo from Flickr\/Aaron) Private sources poured US$243 billion into renewable energy, a 26% increase on the previous year. Public investment rose steadily to $148 billion. That … Continue reading Global climate cash flows neared $400bn in 2014 \u2013 report<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,10],"tags":[11],"class_list":["post-4523","post","type-post","status-publish","format-standard","hentry","category-global","category-sustainable","tag-global"],"_links":{"self":[{"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=\/wp\/v2\/posts\/4523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4523"}],"version-history":[{"count":0,"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=\/wp\/v2\/posts\/4523\/revisions"}],"wp:attachment":[{"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}