One Step Forward, Two Steps Back? The Governance of the World Bank Climate Investment Funds
Benito Müller and Harald Winkler are looking at the latest World Bank initiative to set up three ‘Climate Investment Funds’ — a Clean Technology Fund (Target size US$5-10bn); a $1bn Forest Investment Fund, and a $1bn Adaptation Pilot Fund, and find that the proposed governance of these funds is completely out of step with recent thinking in development circles, indeed with recent events in the field of international funding on climate change
Categories:
Energy and the Environment , Finance
Tags:
Adaptation Funds , Aid Development Strategies , CIFs , Climate Change Finance , G77 GEF , Mitigation , ODA , OECD , Paris Declaration , World Bank