Towards just and effective climate finance: Developing priorities and principles

This policy brief is based on an ISS Report on monitoring the governance of climate finance in Africa, Asia and Latin America.

As the global climate finance regime emerges, the identification of priorities and principles contributes to the development of a normative framework on fund governance at national and sub-national levels in developing countries. The framework sets out guidance for the mobilisation of funds, implementing institutions, and the disbursement of funds so that climate finance is used as a just and effective mechanism to deal with the impacts of climate change.

The context for this briefing paper is a civil society meeting hosted in Cape Town in September 2010 by the Corruption and Governance Programme of the Institute for Security Studies (ISS). Experts from Africa, Asia and Latin America presented papers discussing regional context and national and sub-national experiences with climate funds in their regions. The papers have been compiled into an ISS report on monitoring the governance of climate finance. The study presents an approach that is grounded in the realities and experiences in funding arrangements across developing countries in the three regions studied. The issues raised here reflect on some of the common findings of that study’s report. This paper is the third in a series of three. The first presents critical reflections on regional trends in climate finance. The second discusses national and sub-national experiences with the Adaptation Fund, Clean Development Mechanism (CDM) and the Reduced Emissions from Deforestation and Forest Degradation (REDD).

About the authors:

Webster Whande was a senior researcher at the ISS at the time of working on this report. He now consults as a natural resource management specialist with OneWorld Sustainable Investments, which is based in Cape Town, South Africa.

Trusha Reddy is a senior researcher in the Governance and Corruption Division at the ISS. She works on climate change governance with a focus on climate finance, carbon trading and the energy sector. She is based at the ISS Cape Town, South Africa office.

Development partners
This paper was published with the support of the Hanns Seidel Foundation. In addition, general Institute funding is provided by the governments of Denmark, the Netherlands, Norway and Sweden.
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