Money where it matters: designing funds for the frontier
With only US$1 in every US$10 committed from climate funds for local level climate action, climate finance is failing to get money where it matters. We need to reimagine the climate finance system. This paper investigates the flow of finance from primary donor to local actor and presents a new framework to get more finance to local institutions to tackle the drivers of poverty, resource degradation and climate change. It also sets out the ways in which primary donors, global funds and financial intermediaries can help make this reimagined climate finance system a reality.