Is There Room for Coherence in Climate Financial Assistance?

Laurence Boisson De Chazournes
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Laurence Boisson De Chazournes: Faculty of Law, University of Geneva, 1211 Geneva, Switzerland

Laws, 2015, vol. 4, issue 3, 1-18

Abstract: This article takes a closer look at the complex web of financial assistance mechanisms in the climate change sector. These mechanisms are important tools for assisting developing countries to address the challenges associated with climate change. Mapping the various types of institutions and funds in this sector, the author underlines the important role played by the private sector but also highlights the increasing presence of financial mechanisms under the aegis of international organizations, such as the World Bank. Moreover, a particular focus is placed on the Green Climate Fund and the way in which the establishment of this mechanism may affect the functioning of existing financial mechanisms. In calling for better communication, coordination, and coherence among these actors and mechanisms, the author suggests that these ends may be achieved by placing an emphasis on plurality, complementarity, and mutual support through, inter alia , more effective policy oversight and enhanced inter-institutional relations.

Keywords: climate financial assistance; mitigation; adaptation; Green Climate Fund; Global Environment Facility; fragmentation; Climate Investment Funds; coherence; financial mechanisms; multilateral development banks (search for similar items in EconPapers)
JEL-codes: D78 E61 E62 F13 F42 F68 K0 K1 K2 K3 K4 (search for similar items in EconPapers)
Date: 2015
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