The Green Climate Fund: Effective Community Ally or Corporate Giveaway?

The international community is creating a new entity, the Green Climate Fund, to channel up to $100bn a year to climate solutions in developing countries. In this paper, GAIA uses concrete examples from the waste sector to show why these funds should flow to the informal sector, grassroots groups, and city administrations and not to multinational firms. The benefits of such grassroots-led waste management include lower greenhouse gas emissions, higher employment rates, better working conditions and reduced toxic pollution; whereas the corporate approach tends to lead to increased emissions and economic displacement.