Green Climate Fund, Pursuing Country Ownership

Jione Jung () and Jihei Song ()
Additional contact information
Jione Jung: Korea Institute for International Economic Policy
Jihei Song: Korea Institute for International Economic Policy

No 15-1, World Economy Brief from Korea Institute for International Economic Policy

Abstract: Four years ago in Cancun, the parties to the UNFCCC gathered around for two major decisions. To support developing countries in responding to climate change, the parties agreed to scale up climate finance to 100 billion dollars per year by 2020, and to establish a dedicated fund for climate actions. This Fund, now known as the Green Climate Fund, is anticipated to play a crucial role in delivering increased resources for climate mitigation and adaptation. Since the GCF pursues country ownership as its core principle, effective and transparent delivery mechanism as well as capacity for developing countries is considered as extremely important. Therefore, the initial work of the GCF is likely to focus on developing recipient countries' capacity. This paper reviews the features of the Green Climate Fund in the context of country ownership and effective delivery. In consideration of these features, the paper emphasizes the importance of capacity and capacity building as a priority area of the GCF.

Keywords: Green Climate Fund; Climate Change; Climate Finance; Capacity Building (search for similar items in EconPapers)
Pages: 4 pages
Date: 2015-01-09
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://dx.doi.org/10.2139/ssrn.2769773 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2015_001

Access Statistics for this paper

More papers in World Economy Brief from Korea Institute for International Economic Policy [30147] 3rd Floor Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si, Korea. Contact information at EDIRC.
Bibliographic data for series maintained by Geun Hye Son ().