This study examines $14 billion of climate ﬁnance implemented under four of the climate change “vertical funds” (funding mechanisms which address speciﬁc issues or themes), in 146 countries, including 46 fragile contexts over the period 2014-May 2021, and ﬁnds that:
- Only one of the top 15 recipients in the combined group of fragile and extremely fragile states was extremely fragile (according to OECD 2020 ‘States of fragility’), and just two ranked in the overall top 20, the DRC, which ranked ﬁfteenth, and Haiti, nineteenth.
- Projects supported by the vertical funds in extremely fragile states are far smaller than in fragile or non-fragile states. Around half of the approved projects target adaptation as their priority, only 30 percent mitigation and the remaining 20 percent, crosscutting.
- When measuring funding per capita, extremely fragile and fragile states together averaged just $8.8 per person, in ﬁnance from the vertical funds, of which extremely fragile states averaged $2.1 per person compared to $10.8 per person in fragile states and $161.7 per person for non-fragile states (including the SIDS).
This description was excerpted from undp.org.