WaterAid launches expert group to chase finance for developing countries
WaterAid, has convened an expert group to propose ways to gain access to more climate finance for water services in developing countries.
Water Aid launched the initiative, at an event it co-hosted with HRH The Prince of Wales. Attendees at the launch included Deloitte, Unilever, the governments of Burkina Faso, Nigeria, the Netherlands and the UK, UNICEF and Prince Albert II of Monaco Foundation. The group aims to conclude its work ahead of the Glasgow Climate Summit.
Research findings published recently by WaterAid show that people in nations with with the least access to clean water each get 13p a year from climate finance to help them upgrade their water services.
According to Water Aid only 5% of global climate finance is currently spent on adaptation – despite a global commitment to divide finance equally between mitigation and adaptation.