21 April 2014
Recent articles on the UN’s Green Climate Fund
In advance of its Bali Board meeting in February, I published a summary of 7 things to look out for in the UN's Green Climate Fund. The issues in question are: Is the GCF a Fund or a Bank? Will the GCF fund fossil fuel infrastructure? Whatever happened to the promise of civil society participation? Will the GCF balance mitigation and adaptation? What protection will GCF environmental and social safeguards offer? What are “intermediaries” and why does their role keep expanding? How concessional will GCF concessional lending be?
Just one of those questions was answered in Bali, where progress was made on committing the Fund to financing a greater proportion of adaptation than is typical of most climate financing. This article, co-authored by Robert Muthami from the Pan African Climate Justice Alliance, examines the latest decisions taken about the fate of the GCF.
My IPS colleague Janet Redman and I explored the question of the Fund's potential fossil fuel lending in this article for Foreign Policy in Focus.