The climate change movement should recognize the threat grand corruption poses to achieving its goals.
By Ian J. Lynch and Maja Groff, The Diplomat
The International Renewable Energy Agency estimates that the energy transition to a low carbon economy will require an investment of $4.4 trillion per year between now and 2050. Leading states need to not only surpass their existing commitments at COP26 in Glasgow, but they must also address the largely overlooked corruption risks that are inherent in such massive public spending. Otherwise, a significant portion of the funds may be stolen by venal officials and their collaborators at a critical moment when every dollar counts.