Resilience through interlinkage: the green climate fund and climate finance governance

Bowman, Megan; Minas, Stephen

doi:10.1080/14693062.2018.1513358

Cited by 58 publications

(19 citation statements)

References 11 publications

(8 reference statements)

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“…to developing countries all on top of America's existing and massive foreign aid payments" [24]. While the US did not leave the GCF, it announced that it will not fulfill the pledges from the Obama administration and not provide additional funding [25]. In the GCF board meeting in July 2018, US board member Geoffrey Okamoto distanced himself from a polycentric operation of the fund and highlighted the importance of a donor-driven approach [26].…”

Section: Institutional Innovations In International Organizationsmentioning

confidence: 99%

Institutional Innovations and Their Challenges in the Green Climate Fund: Country Ownership, Civil Society Participation and Private Sector Engagement

Kalinowski

2020

Sustainability

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This article investigates the institutional innovations within the Green Climate Fund (GCF), a new international organization that finances climate mitigation and adaptation in developing countries. In particular, donor–recipient parity in decision making, civil society participation and private sector involvement are explored. The aim of this study is to lay the institutional groundwork for a larger study that will be analyzing the effect of these institutional innovations on the design and result of the fund’s projects. An exploratory qualitative case study approach is used that includes the review of the secondary literature, official sources from the GCF, participant observation and semi-structured interviews. This article concludes that the GCF indeed implemented important institutional innovations that are unique for a major international organization. At the same time, this article reveals that these innovations have created some important challenges for the functioning of the fund. For example, donor–recipient parity, in combination with consensus orientation, initially led to gridlock. It is also difficult for the GCF to balance the goal of transparency and civil society participation with the need for secrecy of private contracts and a speedy process demanded by the private sector.

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Section: Institutional Innovations In International Organizationsmentioning

confidence: 99%

Institutional Innovations and Their Challenges in the Green Climate Fund: Country Ownership, Civil Society Participation and Private Sector Engagement

Kalinowski

2020

Sustainability

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“…Although most widely known for its goal of limiting global surface temperature increase to 'well below' 2 o C above preindustrial levels (Leemans and Vellinga 2017), it is also notable for the prominence it gave to the need for adaptation to address the impacts of climate change (Morgan et al 2019). The Agreement, together with earlier instruments such as the Green Climate Fund (Bowman and Minas 2019), have meant that the last decade has been marked by strong global growth in the number of adaptation projects (Biagini et al 2014;Donner et al 2016).…”

Section: Introductionmentioning

confidence: 99%

Tracking the progress of climate change adaptation: An Australian case study

Palutikof

Boulter

Stadler

et al. 2019

Environmental Science & Policy

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The last decade has seen strong global growth in the number of climate change adaptation projects. To understand whether adaptation is progressing and is successful, some form of longitudinal tracking is required. The six adaptation conferences organised by the National Climate Change Adaptation Research Facility between 2010 and 2018 provide a unique and novel opportunity to track adaptation progress in Australia. Each conference was accompanied by a call for abstracts for oral or poster presentation. The submitted abstracts form the basis of the analysis in this paper. We show that, over time, the balance of attendees shifted away from researchers and towards government employees, and the proportion of attendees submitting abstracts declined. The proportion of abstracts submitted by government employees and consultants has increased at more recent conferences. When abstract content is analysed, the results show that, over time, there has been a change in the focus of abstracts with respect to the sector, type and stage of adaptation. These trends indicate maturation of adaptation in Australia, but also suggest that lack of finance for research and action is having an impact. There is evidence that adaptation in Australia is moving from being largely planning based and towards implementation. This is encouraging, given that studies throughout the world have remarked on the barriers that exist in moving from planning to action.

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“…Developing countries are at a crossroad because they are the most vulnerable to the impacts of climate change and they are highly dependent on climate finance from developed countries in order to finance climate adaptation and mitigation projects. 4 The Climate Funds Update is one of the largest databases on multilateral climate finance initiatives and the Green Climate Fund set up by the United Nations Framework Convention on Climate Change (UNFCCC) in 2010 has now become the largest climate fund for developing regions such as sub-Saharan Africa, Asia and the Middle East. 4,5 However, there have been challenges facing many developing countries that have tried to access this finance.…”

mentioning

confidence: 99%

“…4 The Climate Funds Update is one of the largest databases on multilateral climate finance initiatives and the Green Climate Fund set up by the United Nations Framework Convention on Climate Change (UNFCCC) in 2010 has now become the largest climate fund for developing regions such as sub-Saharan Africa, Asia and the Middle East. 4,5 However, there have been challenges facing many developing countries that have tried to access this finance. These challenges arise because developing countries have difficulties in the design and co-ordination of projects due to a lack of effective institutions and expertise.…”

mentioning

confidence: 99%

The emergence of green bonds as an integral component of climate finance in South Africa

Ngwenya

Simatele

2020

S. Afr. J. Sci.

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One of the greatest challenges facing the global community is climate change. 1 Over many years, global leaders have embarked on various platforms in a concerted effort to combat climate change. 2 One of the key platforms has been the annual Conference of the Parties (COP)-a regular meeting in which climate negotiations and high-level political discussions have taken place. 2 In 2015, the 21st COP was the most important because 195 countries agreed to ensure that rising global temperatures do not exceed the safe zone of 1.5 °C, as it is forecasted that temperatures will continue beyond this value between 2030 and 2050 if no action is taken to combat climate change. 3 The parties further agreed that climate investments for countries are critical to make enormous transformational changes to reduce their greenhouse gases by scaling up climate adaptation and mitigation strategies. 3

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Resilience through interlinkage: the green climate fund and climate finance governance

Cited by 58 publications

References 11 publications

Institutional Innovations and Their Challenges in the Green Climate Fund: Country Ownership, Civil Society Participation and Private Sector Engagement

Institutional Innovations and Their Challenges in the Green Climate Fund: Country Ownership, Civil Society Participation and Private Sector Engagement

Tracking the progress of climate change adaptation: An Australian case study

The emergence of green bonds as an integral component of climate finance in South Africa

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