Mobilizing Development Finance for Strategic and Scaled-up Investment in Climate Adaptation
Helping multilateral development banks scale up investments in actions that align with country-defined adaptation priorities.
There's big demand for tradespeople to repair the damage from stronger storms brought on by climate change, so much so some people are waiting months for repairs to get done.
The World Bank recently started advising governments to assume the bulk of the risk in public-private partnerships, so as to attract more private-sector players. But in addition to introducing an unacceptable moral hazard, this guidance is creating a possible doomsday scenario for debt-saddled developing countries around the world.