More than 90% of international climate finance arrived as loans, not grants — actively increasing financial pressure on already vulnerable households trying to survive the very disasters that triggered the funding in the first place.
Bangladesh emits less than 0.56% of global greenhouse gases. It ranks 9th among the world’s most climate-exposed nations. Its farmers lose crops to floods they didn’t cause. And the world’s response? Here’s a low-interest loan.
The report also found that fewer than 40% of the 40 climate projects reviewed explicitly included Indigenous People, ie. the communities most exposed and least represented.
Climate justice is supposed to mean: the polluters pay, the vulnerable adapt. What Bangladesh is getting instead is: the vulnerable adapt and the polluters lend.
ESG without equity isn’t ESG. It’s accounting.
Source: https://fairfinanceasia.org/blog/2026/03/26/press-release-oxfam-calls-on-climate-funds-and-governments-to-remove-climate-finance-barriers-for-asian-communities/
