Displaying items by tag: climate funds

As climate change creates huge ecological and economic damage, more and more money is being given to at-risk countries to help them prevent it and adapt to its effects. But these grants can be diverted into private bank accounts and vanity projects. Senior staff at Kenya’s geothermal energy company went on compulsory leave after trying to embezzle US$19 million, and a Bangladesh fishing community cannot reach their cyclone shelter that was built on the other side of a river which isn’t crossable during bad weather. The contractor built the shelter next to his own house. Also 52 Maldivian families were relocated from islands vulnerable to erosion and sea surges. The government raised funds to house them. Construction never began; they were still homeless eight years after the relocation. Transparency International works to safeguard climate change funding from corruption, by monitoring and exposing corruption risks and supporting communities.