It is generally the poorest who bear the heaviest burden in less developed countries – whether it is the cost of poor sanitation, poor diet, or poor roads and transport links. And it is often the poorest who are hit the hardest by climate change, bearing a disproportionately high cost in adapting to the changes they face.
This year, with both the proposed Sustainable Development Goals (SDGs) and an international climate change agreement due to be finalised, the question of finance has magnified as the focus of debate – particularly in relation to developing countries. It is clear that the perspectives of poor women and men must be taken into account in providing finance to developing countries.
Paule Steele, Chief Economist at the International Institute for Environment and Development, and SEI Research Fellow Aaron Atteridge argue for a new “bottom-up” approach to designing the architecture intended to deliver finance to developing countries post-2015.