Democratising climate finance at local levels

Victor Orindi, Yazan Elhadi and Ced Hesse

Chapter 15 in Building a Climate Resilient Economy and Society, 2017, pp 250-264 from Edward Elgar Publishing

Abstract: Giving favoured access to climate finance and clean technologies is critical to enabling developing countries to transit to a low carbon economy and society. Global climate finance to developing countries is set to rise with the establishment of the Green Climate Fund. To be effective, climate finance must reach and be prioritised by the communities that need it most and be used to fund solutions that work on the ground. To achieve this, mechanisms need to be put in place to channel the money from the national level to local communities in a way that is transparent, participatory and efficient. The institutional architecture of existing devolved or decentralised government provides a ready-made framework which offers good value for money and will be sustainable as finance flows increase in the future. The authors’ analysis of the Adaptation Consortium in Kenya indicates that devolved County Climate Change Funds are proving to be an effective mechanism to deliver climate finance in support of community-prioritised investments in public goods that build local resilience to climate change.

Keywords: Economics and Finance; Environment; Geography; Politics and Public Policy Social Policy and Sociology (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/9781785368448.00028.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

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:elg:eechap:17181_15

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().