Vulnerable nations publish climate spending wish-lists

(Climate Home News, 10 Nov 2022) Nations vulnerable to climate change have begun to publish “prosperity plans”, laying out what they want money to be spent on to stop climate change thwarting their economic development.

The Climate Vulnerable Forum (CVF) has helped Bangladesh, Maldives, Sri Lanka and Ghana put together lengthy documents laying out billions of dollars of investments they want to attract by 2030.

Senegal and Costa Rica are leading a group of around 30 nations with plans in the pipeline, according to CVF finance adviser Sara-Jane Ahmed.

President of Ghana Nana Akufo-Addo, who chairs the CVF, said: “The Climate Prosperity Plans (CPPs) are our strategy to prosper in a climate insecure world.”

He added: “The negative effects of climate change are also worsening the already high cost of capital that we face to mobilize commercially viable investments. So the CPPs will also be our investment and financing strategies.”

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Climate Home News, 10 Nov 2022: Vulnerable nations publish climate spending wish-lists