Climate finance is key to implementing the ‘quantum leap’ in climate action required to meet the target of limiting temperature rises to 1.5°C and to safeguard communities from the impacts of climate change, yet global climate finance commitments remain unfulfilled and woefully inadequate, particularly for adaptation.
Urgent and effective investment is particularly critical for children who are highly susceptible to the short and long-term impacts of climate change.
Children in low- and middle-income countries bear the brunt of climate-related losses and damages. Impacts are particularly acute for girls and other groups of children experiencing discrimination and inequality based on multiple and intersecting factors.
This study uses a set of three criteria to assess if climate finance from key multilateral climate funds serving the UNFCCC and Paris Agreement were:
- addressing the distinct and heightened risks they experience from the climate crisis
- strengthening the resilience of child-critical social services
- empowering children as agents of change.
This report gives recommendations on ways to close the finance gap and better serve children affected by the climate emergency.
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