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A new paper from the Tony Blair Institute (TBI) reveals an alarming shortage of climate-responsive projects in emerging markets and developing countries, which potentially poses a threat to global progress towards net-zero targets. It shows that in emerging markets and developing countries (EMDCs), the number of climate-responsive projects funded by private sources of capital has been decreasing by approximately 10 per cent per year since 2015. Climate-finance targets require these projects to increase by approximately 30 per cent by…