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

By: Benito Müller

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