Three researchers at the University of B.C. are calling for tight global controls to ensure that $100 billion a year pledged by wealthy countries to help developing nations address climate change is not squandered, misappropriated or used for existing rather than new initiatives.
"This is a huge amount of money to suddenly introduce into a system," said Simon Donner, an assistant professor of geography and the lead author on a paper published Thursday in the journal Science.
"Let's make sure it's not wasted or misappropriated and that the money spent delivers results. This is very challenging but also very important - we can't screw it up."