About the project

This project aims to understand the emergence of North-South climate clubs. Climate change has become an existential crisis for humanity. Climate finance, especially to developing countries, is crucial for limiting global warming to 1.5C. However, the current level of climate finance to the global South is grossly inadequate, due to the divergent spending preferences and lack of trust between the global North and South. This has led to a transformation in global climate finance: wealthy states are diverting funding from global climate funds, where they have limited control, to alternative “club” funds that feature more selective membership of donors and recipient states, as well as more specific climate goals and operational models.