The Three Dialectics of Adaptation Finance in Vietnam

Emmanuel Pannier, Toan Canh Vu, Etienne Espagne, Gwenn Pulliat and Thi Thu Ha Nguyen
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Emmanuel Pannier: Research Unit “Local Heritage, Environment and Globalization”, French National Research Institute for Sustainable Development (IRD), 75006 Paris, France
Toan Canh Vu: Institute for Social and Environmental Transition (ISET), Hanoi 10000, Vietnam
Etienne Espagne: Research Department, Agence Française de Développement, 75012 Paris, France
Gwenn Pulliat: Research Unit ART-Dev, French National Centre for Scientific Research (CNRS), 34090 Montpellier, France
Thi Thu Ha Nguyen: LASTA, University of Rouen, 76000 Rouen, France

Sustainability, 2020, vol. 12, issue 18, 1-24

Abstract: The goal of this paper is to analyze the complex institutional landscape of adaptation finance in Vietnam, a middle-income country highly vulnerable to the impact of climate change. While resources from international organizations and national authorities occupy a prominent position in adaptation funding, the use of local resources that directly or indirectly support adaptation practices is also an important factor to consider. We hypothesize that it is that interplay between official climate change finance on the one hand and local social dynamics on the other hand that shapes the structure of adaptation funding. These very particular financing circuits consequently determine the kind of adaptation actions that are actually implemented. The paper unfolds the adaptation finance flows at all scales by using qualitative field studies, technical and legal reports, and a wide-ranging literature on adaptation project financing, and thus identifies three types of dialectical tensions that might hinder Vietnamese institutional readiness for adaptation finance: the adaptation/development financing nexus, the adaptation/reaction financing behaviors, and the endogenous/exogenous financing dichotomy. Ultimately, the paper derives from these dialectical tensions within the architecture and functioning of adaptation finance key takeaway messages for a prospective analysis of adaptation funding that better informs adaptation finance policies.

Keywords: climate change; adaptation finance; social capital; institutional readiness; Vietnam (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:18:p:7691-:d:415030

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