Why did international funding for climate resilience in developing countries decrease in 2021
Despite increasingly ferocious impacts, funding for climate resilience in developing countries saw a significant decline in 2021.
- COVID-19 Pandemic: The ongoing global pandemic diverted attention and resources towards immediate health and economic challenges, causing a decrease in international funding for climate resilience.
- Economic Strain: Many developed countries faced economic strain due to the pandemic, leading to budget cuts and reduced financial support for climate resilience initiatives in developing nations.
- Competing Priorities: Other pressing issues such as social and political unrest, humanitarian crises, and economic recovery took precedence over climate resilience funding.
- Policy Uncertainty: Changes in government leadership and conflicting priorities influenced the allocation of resources, resulting in decreased funding for climate resilience.
- Donor Fatigue: Donor countries may have experienced fatigue from continuously providing financial assistance, resulting in reduced allocations for climate resilience.
- Limited Accountability: Lack of effective monitoring and evaluation systems in some developing countries may have caused donor nations to question the impact and efficiency of their funding, leading to decreased contributions.
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