About the Issue
The aid effectiveness campaign has succeeded in offering a set of operating principles and a process framework for making development assistance more transparent, effective, accountable and consultative. However, as climate change poses to be a significant threat to African countries, the prevailing modality to address adaptation and mitigation is the global fund, which is delivered directly to projects, bypassing partner countries’ public finance management systems and institutions.
Contents
- INTRODUCTION
- CLIMATE FINANCE ARCHITECTURE
- Background
- Climate finance mechanisms
- The Green Climate Fund
- Climate finance: scope and magnitude
- EMERGING ISSUES
- Additionality and Concessionality
- Absorption capacity
- National Adaptation Programmes of Action
- Access to Information and Transparency
- ENSURING EFFECTIVENESS OF CLIMATE FINANCE: RECOMMENDATIONS AND CONCLUSION
- Bibliography