Mahmoud Mohieldin: Climate Finance Is Insufficient, Inefficient and Unfair

Mahmoud Mohieldin, the United Nations special envoy on financing sustainable development, has described climate finance as insufficient, inefficient and unfair.

Mohieldin said the main challenge facing climate action is not limited to developing new financing instruments.

His assessment highlighted three concerns: the amount of funding available, the efficiency of that financing and the fairness of its distribution.

The remarks frame climate finance as a challenge that goes beyond financial innovation, drawing attention to the adequacy and operation of the funding system itself.