Tuesday, November 21, 2017

NOK 10.5 billion in Norwegian climate forest aid remain unspent

Development Today has scrutinised five of the largest recipients of Norwegian climate forest aid spending and found that only a small part of these funds have actually been disbursed on forest-saving projects. DT estimates that at least NOK 10.5 billion remain unspent. 

Critics question whether the scheme has impact, but Political Advisor at the Climate Ministry Jens Frølich Holte says Norway “will continue to maintain results as the primary focus, not the rapid spending of money.”

Development Today is a subscription-based online journal. To subscribe click here.

If you are already a subscriber to Development Today please log in.

Would you like to know more about Development Today? Click here.