Some developing countries, including India, China and Brazil, contribute more climate-related finance through multilateral development banks than many countries in the Global North, according to an analysis by a UK-based website reporting on climate science and policy.
The analysis comes amid a push from developed countries to broaden the donor base for climate finance to include developing countries like China and Saudi Arabia. For instance, in a submission to the United Nations Framework Convention on Climate Change (UNFCCC) on its expectations from the global stocktake in September, New Zealand said: "Different countries have different capabilities to contribute, which have changed over time.
Current and historical emissions, national wealth, and a range of other factors have changed, and are continuing to change. Bifurcation based on thirty-year-old lists does not reflect the contemporary reality of where emissions are coming from, or respective capabilities to contribute."
