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Environmental Funders Network (EFN)
The power of good governance in stopping the climate crisis: Six actions philanthropy must embrace in 2022
How can funders act to support good governance and fight the corruption of (climate) funds?
Humanity’s future depends on our collective response to climate change. But we continue to lose time and money by missing a critical step. 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. The reason is clear: the systemic abuse of entrusted power for private gain. That’s how Transparency International (TI) defines corruption.
Building on comprehensive analysis and research over the past ten years, Transparency International recommends six concrete and tangible actions for funders to take in 2022.
Humanity’s future depends on our collective response to climate change. But we continue to lose time and money by missing a critical step. 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. The reason is clear: the systemic abuse of entrusted power for private gain. That’s how Transparency International (TI) defines corruption.
Building on comprehensive analysis and research over the past ten years, Transparency International recommends six concrete and tangible actions for funders to take in 2022.
