Rich Countries Can't Fix Supply Chains Without Fixing Climate Finance

RFF Vice President for Research and Policy Engagement Billy Pizer gives his insight on climate finance and the roll of international aid for climate mitigation measures.

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Date

Oct. 18, 2021

News Type

Media Highlight

Source

Quartz

But altruism and supply chains aren’t the only consideration for rich countries’ climate finance, says Billy Pizer, vice president for research at Resources for the Future, a nonprofit think tank in Washington. Adaptation funding can also help stem national security risks in developing countries, and limit cross-border migration. As more public climate finance becomes available, it should take all these factors into account, he says.

“When you’re thinking about security and migration, it definitely makes sense to think about the poorest countries,” Pizer says. “When you think about supply chain vulnerability, it’s not as clear where it leads you. It might lead you to more middle-income countries. Given the limited amount of foreign assistance, so it still makes sense to focus on the poorest countries that are most vulnerable.”

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