The global Climate adaptation week in South Korea highlighted the challenges faced by Asia-Pacific countries in accessing climate finance. Developing nations argue that industrialized countries, which historically emitted greenhouse gases, should provide the necessary funding. However, the complex and resource-consuming processes of climate finance mechanisms like the Green Climate Fund (GCF) make it difficult for countries to access funds. The GCF has admitted that its convoluted process puts its reputation at stake. Climate frontline countries like Palau and Tuvalu have struggled to access climate financing, experiencing delays of several years before receiving funding.
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