The Hidden Infrastructure of Climate Finance

In her column at Proximate, Maria Amália Souza draws on NEAR’s recent publication to examine gaps in the global financial system and how resources can move more directly to communities in the Global South.

The article argues that the infrastructure and capacity to finance community-led climate action already exist—the challenge is recognising and investing in them.

“The financing infrastructure that has quietly emerged across the Global South remains more visible to those who built it than to the global financial system that increasingly depends on it.”

She points to NEAR’s mapping of 63 Global South pooled funds as an important step toward making this often-overlooked financing infrastructure more visible.

Read the full article at Proximate Press here.

Explore NEAR’s Database of locally-led pooled funds in the Global South and accompanying analysis to learn more about the funds already working to move resources closer to communities.