Loans vs. grants.

Rich countries are offering Vietnam a package made up of 98% costly loans and only 2% grants as part of a package meant to get the country off coal, Reuters reports.

This is an important nuance to keep in mind when discussing rich countries’ pledges to help poorer countries decarbonize. More grants are needed if countries are to sign up to the deals.

Anca heashot

Anca Gurzu

Chief Europe Correspondent