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Equity and efficiency in adaptation finance: initial experiences of the Adaptation Fund
Stockholm Environment Institute.
Stockholm Environment Institute.
2014 (English)In: Climate Policy, ISSN 1469-3062, E-ISSN 1752-7457, Vol. 14, no 4, 488-506 p.Article in journal (Refereed) Published
Abstract [en]

The Adaptation Fund, established under the Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC), has now been approving funding for adaptation projects for more than two years. Given its particular institutional status and specific focus on concrete adaptation, it is particularly relevant to study the initial experiences of it for any future upscaling of international adaptation finance, despite the fact that its own resources are getting scarce. Alternative rationales for allocating funds, based on equity and efficiency concerns at both international and subnational levels, are here tested against the criteria and priorities of the Fund and decisions made on project approval. It is concluded that equity concerns appear to be the primary motivation and that allocation is de facto made between states rather than by considering inequity between subnational communities. However, the currency of vulnerability for determining equitable outcomes in allocation decisions has not been formalized, despite its central importance to the Fund. Instead, uniform national caps have been introduced. Such an equality approach can be considered inequitable. Finally, it is noted that although the Adaptation Fund Board has continuously developed its proposal review practices and adopted a learning-by-doing approach, it should provide both a further specification of the evaluation criteria and a compilation of best practices from approved proposals, and moreover enhance the transparency of the review process, all of which would clarify its core priorities for current and future project proponents.

Place, publisher, year, edition, pages
Taylor & Francis Group, 2014. Vol. 14, no 4, 488-506 p.
Keyword [en]
adaptation, adaptation finance, economic efficiency, equity, vulnerability assessment
National Category
Economic Geography
Research subject
Environmental Studies
Identifiers
URN: urn:nbn:se:sh:diva-24990DOI: 10.1080/14693062.2013.879514ISI: 000338026500003Scopus ID: 2-s2.0-84903463038OAI: oai:DiVA.org:sh-24990DiVA: diva2:753895
Available from: 2014-10-09 Created: 2014-10-09 Last updated: 2014-10-10Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf