What makes an environmental trust fund successful? A case study of the Maldives

Mohamed Shumais () and Ibrahim Mohamed ()
Additional contact information
Mohamed Shumais: Korea Polytechnic University
Ibrahim Mohamed: Environmental Protection Agency

Climatic Change, 2020, vol. 161, issue 2, No 7, 327-344

Abstract: Abstract Despite the wide array of Environmental Trust Funds (ETFs) created and utilized globally, limited information is available on the characteristics that make such funds successful, particularly as they relate to the experiences of Small Island Developing States (SIDS). This study evaluates the Climate Change Trust Fund (CCTF) of the Maldives as a case in point. Experiences from the energy component of the CCTF indicate that while technology transfer is needed, the project approach did not help to overcome the lack of human resource capacity to manage the transition to renewable energy in Thinadhoo. A comparison of the CCTF with Bhutan’s experience suggests that instead of implementing projects directly by the ETF, as done by CCTF, it would be more suitable for an organization to facilitate the implementation. In addition to having a fund, stakeholder participation, institutional development, and focusing on broader goals with co-benefits from projects would increase the prospect of success for ETFs.

Keywords: Climate change; Environmental trust fund; Renewable energy; Electricity; Co-benefits (search for similar items in EconPapers)
JEL-codes: F35 Q28 Q40 Q58 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s10584-020-02700-x Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:climat:v:161:y:2020:i:2:d:10.1007_s10584-020-02700-x

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/10584

DOI: 10.1007/s10584-020-02700-x

Access Statistics for this article

Climatic Change is currently edited by M. Oppenheimer and G. Yohe

More articles in Climatic Change from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().