by Pieter Terpstra, Annaka Peterson-Carvalho (Oxfam America) and Emily Wilkinson (Overseas Development Institute) - December 08, 2014
Adaptation finance accountability is key to addressing obligations of national governments and international organizations to provide support, but actual funding decisions are often made without involving the populations hit first and worst by climate change, or without understanding how communities are vulnerable.
So who is accountable for making good use of adaptation funds, and who should hold whom accountable?
On September 23, heads of state and leaders in finance, business and civil society will gather in New York City for the United Nations Climate Summit, aimed at jump-starting talks to reach a global climate agreement by December 2015. It's hardly the first time these actors have convened to counter climate change. Here's why this summit is worth watching.
As governments and citizens look for ways to reduce the risks they face from climate change, one option at their disposal is the National Adaptation Plan (NAP) process developed under the U.N. Framework Convention on Climate Change (UNFCCC).
Recently, WRI hosted a roundtable on Adaptation Finance in Washington, D.C., bringing together experts in development and climate finance to discuss this challenge: Countries and donors are mobilizing hundreds of millions of dollars to help people adapt to a changing climate. How do they get it to the local communities that need it most?
The Green Climate Fund (GCF) has big ambitions: It aspires to become the main global fund for providing climate change finance, contributing to activities like the design of resilient cities and the expansion of low-emission power generation.
While the GCF Board should be ambitious and innovative, they can also look to what’s been done before. Drawing knowledge from the experiences of other critical climate and development funds is one way to ensure that the GCF succeeds.
Readiness is a hot topic for the newly established Green Climate Fund (GCF), as it heads towards its 6th Board meeting in Bali, Indonesia next week. At the meeting, the Board is expected to make a decision on what the GCF’s readiness program will look like. It will likely be narrow in focus, which makes sense based on its limited funding and timeframe. Yet as the GCF moves forward, it is important to remember countries’ broader readiness needs and to be flexible in finding the right institutions to channel funds in the short term.
This is the final installment of WRI’s blog series, Adaptation and the Private Sector. Each post explores ways to engage the private sector in helping vulnerable communities adapt to the impacts of climate change.