Analysis of External Climate Finance Access and Implementation (original) (raw)

The Green Climate Fund: how attractive is it to donor countries?

Carbon and Climate Law Review, 2014

Destined to channel a significant part of the US$ 100 billion pledge made by developed countries under the United Nations Framework Convention on Climate Change (UNFCC) the Green Climate Fund (GCF) has been set up with the ambition of becoming the main global fund in the area of climate finance. Although many pieces of the final puzzle are still missing the GCF is now ready to solicit funding. It is a fact that its institutional design has little in common with the very successful trust funds operating under the aegis of the World Bank. This paper explores the reasons that are at the centre of the massive growth in ‘multi-bi-financing’ and provides an overview of the most recent trends in ODA and climate finance. Based on this study, it analyses whether the GCF is an attractive institutional channel for donors. It concludes that many of the GCF’s design elements should be improved, notably with the view to enhancing value for money integrating actively civil society actors and lever...

Climate Finance: Unlocking Funds Toward Achievement of Climate Targets Under the Paris Agreement

Climate Action, 2019

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Climate finance: loopholes and opportunities

Climate finance refers to all the funding on a national and international level that pertains to financing projects that have to do with adaptation to and mitigation of climate change. Briefly discussed below are some of the internationally available bodies and mechanisms that are put in place to collect capital for and manage climate funds. All of the mechanisms and/or bodies create opportunities, be it in favor of developing or developed countries, for use and misuse of the resources; thus, proposals for improvement of each are outlined after the description of the particular establishment. In continuation, stated are suggestions on and rationale behind usage of climate finance as compensation from polluters, mitigation of growing loss and damage, financing technological and know-how transfers – all of which on an international scale. Lastly, if the previously numbered uses are covered for on a national level, two recommendations are given on where climate funds can be allocated so as to provide for socially and environmentally sustainable solutions on a local and/or national level. To be kept in mind is that all of the described facilities and suggestions assume for oversimplification of the reference to rich (developed, or Global North, Western) countries that play the main role in providing the capital for climate funds for transfers to poor (developing, Global South) countries to adapt to or mitigate disastrous impacts of climate change, and with climate finance should be given the chance to develop in an environmentally sustainable manner.

Preparing for Scaled-up Climate Financing: New Business Opportunities for Green Growth

2013

Tuesday April 2, 2013 – Pre-Workshop Event: Introduction to LEDS and Climate Financing This one-day session on LEDS and climate finance will provide public and private sector professionals with an orientation to the LEDS and climate finance landscape and help them get up to speed on the main trends and issues. It will help participants to understand topics such as the costs of climate change, how LEDS fits into national development priorities and donor financing, why both public and private sector financing mechanisms are essential to address climate change, and who needs to be involved and why.

Scaling up and replicating effective climate finance interventions

OECD/IEA Climate Change Expert Group Papers, 2014

This series is designed to make available to a wider readership selected papers on climate change issues that have been prepared for the OECD/IEA Climate Change Expert Group (CCXG). The CCXG (formerly called the Annex I Expert Group) is a group of government delegates from OECD and other industrialised countries. The aim of the group is to promote dialogue and enhance understanding on technical issues in the international climate change negotiations. CCXG papers are developed in consultation with experts from a wide range of developed and developing countries, including those participating in CCXG Global Forums. The full papers are generally available only in English. The opinions expressed in these papers are the sole responsibility of the author(s) and do not necessarily reflect the views of the OECD, the IEA or their member countries, or the endorsement of any approach described herein.

Enhancing Readiness Programs for the Green Climate Fund

2014

This paper provides practical information for both donors and recipients to be prepared for the readiness program of the Green Climate Fund (GCF) and also to identify the issues of the existing readiness program. Specifically, this paper attempts to focus on the needs of developing countries in the context of climate finance and issues of GCF readiness. In this paper, four gaps between current readiness programs and recipient expectations are identified: 1) gap in the capacity for the direct approach, 2) gap in readiness for the private sector, 3) gap in experiences in the development field, and 4) gap in the absorptive capacity of funds by the recipient. Furthermore, this paper also identified the uniqueness of the fiduciary standards of GCF by comparing with those of other climate funds. To fill the above gaps, five policy recommendations are presented.