The world’s largest climate finance deal was built to flounder: why funding fails to reach the front-line

The world’s largest climate finance deal was built to flounder: why funding fails to reach the front-line

Despite large pledges, Indonesia’s US$20 billion JETP has delivered little. Research shows funds are diverted to feasibility studies and donor interests rather than local green energy projects.

Adopted in December 2015, the Paris Agreement commits countries to keeping global temperature rise below 2°C above pre-industrial levels. All 195 signatories set their own plans to meet this shared… [+6575 chars]