The climate finance architecture—the system of specialized, public funds that help countries implement climate mitigation and adaptation projects and programs—is crucial if the world is to overcome the climate change challenge.
Over the past 25 years, dozens of national, regional and international climate funds have been created. Each new fund responded to needs and gaps that existed at the time, but this has led to a rather complicated system.
Complexity creates two problems. First, contributor countries have a harder time deciding where to put their money for maximum impact, because some funds do similar things. Meanwhile, prospective recipients in developing countries must spend scarce time and effort learning how to navigate this system to access financing.
WRI researchers will discuss findings from their recent report, The Future of the Funds, kindly supported by the Swedish Ministry of Foreign Affairs. The report examines seven of the key multilateral climate funds: the Global Environment Facility, the Least Developed Countries Fund, the Special Climate Change Fund, the Adaptation Fund, the Clean Technology Fund, the Strategic Climate Fund and the Green Climate Fund.
They will present their assessment of how effectively these funds’ support transformational change, and suggest ways the architecture could be strengthened to remove redundancies, streamline processes and get finance flowing to the right projects faster.
The presentation will be followed by a question and answer session. Light food and drinks will be served.
Johanna Lissinger Peitz, Head of Delegation to UNFCCC, Government of Sweden
Ambassador Janine Felson, Deputy Permanent Representative, Permanent Mission of Belize to the United Nations
Delphine Eyraud, Senior Policy Adviser, French Ministry of the Environment
Joe Thwaites, Associate, World Resources Institute