The power of good governance in stopping the climate crisis: Six actions philanthropy must embrace in 2022
In 2019/2020, climate finance amounted to US$632 billion globally. Yet, about 30-40% of climate funding was probably spent inefficiently or stolen because of corruption – considering that at least 30% of development aid is lost to corruption. Philanthropy can and must play a crucial role and act now to help stop the leaky pipeline of climate funding. Building on comprehensive analysis and research over the past ten years, here are six concrete and tangible actions for funders to take in 2022.