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Global Climate Finance, Accountable Public Policy: Addressing the Multi-Dimensional Transparency Challenge
Södertörn University, School of Social Sciences, Public Law.ORCID iD: 0000-0002-5624-6152
University of Cape Town.
2013 (English)In: The Georgetown Public Policy Review, ISSN 1083-7523, Vol. 18, no 2, 1-16 p.Article in journal (Refereed) Published
Abstract [en]

A concrete result of the 2011 United Nations Climate Change Conference in Durban (COP17) was the establishment of the Green Climate Fund (GCF), with the aim of channelling $100 billion per year from developed countries to developing countries to support their efforts to respond to climate change and promote sustainable development. The emerging global architecture for climate finance raises significant questions related to public policy and environmental governance. Participatory governance practices, including freedom of information, are increasingly considered effective tools for both coping with environmental problems and finding sustainable solutions to development challenges. Moreover, without sufficient transparency in their decision making, the various climate funds are unlikely to attract a sufficient supply of urgently needed finance, and the ambitious targets of the GCF will be unmet. Yet, the question of the modality and process for governing climate finance is undetermined and obscure. The complexity of climate finance stems from a multi-level structure with international, regional, national, and sub-national actors; multi-sector dimensions, with both public and private donors and recipients; and the sector’s global/multilateral/multidirectional character. This article amplifies the “transparency pressure points” in climate finance generally and the GCF specifically. Public policymaking, in response to the many complex and urgent climate change challenges, may depend on securing the principle of freedom of information within the global climate finance architecture.

Place, publisher, year, edition, pages
Washington DC: Georgetown Public Policy Institute , 2013. Vol. 18, no 2, 1-16 p.
Keyword [en]
transparency Climate change accountability right of access to information green climate Fund
National Category
Law Political Science
Research subject
Politics, Economy and the Organization of Society; Baltic and East European studies
Identifiers
URN: urn:nbn:se:sh:diva-20509Local ID: 1335/42/2010OAI: oai:DiVA.org:sh-20509DiVA: diva2:678740
Projects
Conditions for Participatory Environmental Governance in a Regional Context: The Baltic and Adriatic Sea Regions
Funder
The Foundation for Baltic and East European Studies, 1335/42/2010
Available from: 2013-12-12 Created: 2013-12-12 Last updated: 2016-09-21Bibliographically approved

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http://gppreview.com/print-journal/spring-2013-volume-182/global-climate-finance/

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