This policy brief identifies fundamental differences in how developed and developing countries view equity, transparency and accountability in the context of climate change adaptation finance, and looks at the implications for the generation, governance, delivery and use of adaptation finance.
The history of climate change finance for developing countries is littered with disappointments and broken promises that have eroded trust to an unprecedented level. This policy brief seeks to help explain the lack of trust and how it affects discussions on adaptation finance.
Adaptation finance to date has been in the order of millions of US dollars, but it is expected to amount to billions within a few years. This raises the importance of ensuring equity, transparency and accountability. A shared perspective of countries on these issues is important not only so that they can begin to rebuild trust, but also to ensure that money is used effectively and efficiently.
Key findings:
Note: This policy brief summarises and updates the chapter ‘Show me the money: Ensuring equity, transparency and accountability for adaptation finance’, which was published by Transparency International in its recent Global Corruption Report: Climate Change. For additional context, see the article ‘The political dimension of vulnerability: Implications for the Green Climate Fund’, which appeared in IDS Bulletin 42:3, pp. 15–22. This research has contributed to the objectives of AdaptationWatch.
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