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Investigating the complex landscape of climate finance in the least-developed countries(LDCs)
This paper investigates the critical challenges that least-developed countries (LDCs) face in accessing sufficient and stable climate finance. Despite needing $93.7 billion annually for effective climate action, LDCs receive only a fraction of this amount, averaging $14.8 billion. This funding gap impedes their ability to implement necessary mitigation and adaptation strategies. The study proposes key reforms to improve climate finance, including increasing financial commitments, enhancing transparency, stabilizing funding streams, and aligning finance mechanisms with local needs. Using the ARIMA model, the research highlights the unpredictability and inadequacy of current funding, calling for a comprehensive approach that includes quantitative and qualitative analyses. Future research should focus on innovative and adaptable financing solutions to support LDCs in their fight against climate change.
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