Where is the fund for climate change solutions ?

Since last few years Grant Funding for climate and broader environment areas is decreasing and in all probability post COVID it will be further decreased. 

In 2020 US Grant for this area was in % terms as below,

1.Air, land and water conservation :19 

2. Environment education,justice and resource rights :19 

3. Sustainable Fishing and agriculture : 16

4.Energy resources and access :18

5.Forestry :1

6. CLIMATE CHANGE: 23

7. Waste management :4 

To Restrict warming to 1.5 degree c requires major GHG reductions by 2030 and net zero emissions by 2050.

This requires trillions of dollar of capital spending and more funding to improve resilience against physical hazards.

Apart from this lot of funding is required for developing scalable low carbon technologies such as 

-Renewables Solar/Wind 

-Green Hydrogen

-Carbon capture , utilization and storage

-Natural Climate solutions (NCS) such as reforestation to achieve 1/3rd reductions 

-Battery-electric vehicles

Methane only accounts for about 1/3rd of Global warming and this requires advancement in following areas,

-Agriculture 

-Oil & Gas

-Coal Mining

-Solid waste management

-Waste water management 

If climate crisis is not addressed in time then its impact on livelihood coupled by post COVID situation will tremendously increase the number of people living in poverty ( less than 3.20 USD per day) to 170 million.

Post COVID rich countries are also witnessing huge fiscal crisis and it will further decrease the capital required for climate change mitigation and resilience program.

Already $1 invested in 2000-2020 created $2 of debt and $4 of liabilities.

Many countries will be under severe debt trap during this decade.

The question remains is that from where the fund will be  available for climate change programs worldwide ?



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