112 groups demand grants and honest accounting for rich countries’ promised $100 billion in climate finance

A letter from 112 global organizations argues that current accounting for the $100 billion climate finance goal is flawed. The groups demand that only public grants count toward the target, that private finance not be substituted for public funding, and that accounting be conducted through the inclusive UNFCCC forum rather than exclusive intergovernmental processes.

• The coalition argues that deliberations on the definition and counting of climate finance must occur within the UN Framework Convention on Climate Change (UNFCCC), specifically its Standing Committee on Finance, to ensure the process is inclusive of recipient countries.
• The groups assert that only public grants or their equivalents should be counted toward the $100 billion goal, arguing that loans and guarantees increase the debt burden of fragile economies and that funds returning to developed countries should be excluded.
• The document contends that private finance should not replace public funding or be counted toward the $100 billion target, noting that private investment aims for profit rather than providing relief or justice for impacted people.
• The coalition rejects the inclusion of funds from export credit agencies in climate finance accounting because these agencies are designed to benefit corporations in the originating developed country rather than the people of developing countries.
• The groups oppose the alignment of tracking systems with the Common Principles for Climate Mitigation Finance Tracking, stating these principles are inconsistent with limiting global temperature rise to 1.5±C or 2±C because they allow for fossil fuel financing.

APA

Fox, A. (2015). 112 groups demand grants and honest accounting for rich countries’ promised $100 billion in climate finance. Friends of the Earth. https://foe.org/blog/groups-write-donor-countries/

Chicago

Fox, Audrey. 112 groups demand grants and honest accounting for rich countries’ promised $100 billion in climate finance. Friends of the Earth, 2015. https://foe.org/blog/groups-write-donor-countries/.

Wikipedia

{{cite press release |last1=Fox |first1=Audrey |title=112 groups demand grants and honest accounting for rich countries’ promised $100 billion in climate finance |publisher=Friends of the Earth |date=11 October 2015 |url=https://foe.org/blog/groups-write-donor-countries/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{fox2015112, author = {Fox, Audrey}, title = {{112 groups demand grants and honest accounting for rich countries’ promised \$100 billion in climate finance}}, publisher = {Friends of the Earth}, year = {2015}, month = oct, url = {https://foe.org/blog/groups-write-donor-countries/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }