New Climate Change Funds: Hurry Leads to Flurry

Cotton Made in Africa: A Field Report by Roger Peltzer

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New Climate Change Funds: Hurry Leads to Flurry

Lack of cohesion and risks of dysfunction

Northern donor countries in the last 18 months have pledged billions of dollars in new financial commitments to fight climate change. More than a dozen new bilateral and multilateral environmental funding mechanisms have been proposed. While the provision of new financial resources to address the most urgent challenges of climate change is commendable, even if long overdue, the question arises if in the rush to do good the donor governments have really done well, writes Liane Schalatek from Washington, DC.

A new study commissioned by the Heinrich Böll Foundation and WWF, 'New Finance for Climate Change and the Environment' (see reference) describes an apparent ad hoc approach leading to a patchwork quilt of funding mechanisms which lack cohesion, coordination and risks an aggravation of dysfunction because of real and potential competition among the international lead agencies involved, specifically the World Bank and the Global Environment Facility (GEF) ...

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More on the subject:
>>> The Greenhouse Development Rights Framework

The Global Dam Industry: Lessons to Learn / UNCTAD Warns Africa to Overestimate Export Boom

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Issue 3/May-Jun 2010
Minister Niebel's Leitmotiv: German Interests + Greece's Baltic Future + World Bank and Gender + Trade Union Rights
Issue 2/Mar-Apr 2010
Making the MDGs More Sustainable + Lisbon Treaty and EU Development Cooperation + Reconciling and Livestock Production? + The IMF's Green Fund
Issue 1/Jan-Feb 2010
The Superiority of the Financial Transaction Tax + Global Unemployment on Record Levels + New Beginning in European Development Policy? + Clean Development for the South
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A New Exchange-Rate Management + Dams and Corruption + World Bank Promotes Land Grab + ODA and Low Tax Countries
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