Less than 10 per cent of finance from international climate funds to help developing countries adapt to climate change impacts and adopt clean energy is reaching local-level projects, finance researchers say.

The lack of international finance is a problem for countries such as Ethiopia, which has estimated it needs $7.5 billion a year to switch to clean energy and adapt to climate change, but is so far receiving between $100 million and $200 million a year in climate fund, said Saleemul Huq, a senior fellow at IIED.

Source: gulfnews.com