Suchergebnisse

Developed countries have pledged to provide USD 100 billion annually to developing countries to support efforts to pursue climate-friendly development and to deal with climate change effects. Although public climate finance from developed countries still falls far short of this goal, climate funding is steadily increasing. Given the magnitude of climate challenges, ensuring that resources mobilized are used efficiently and effectively is essential. This working paper outlines key features of the global climate finance landscape. It notes that the diverse sources of climate funds, the multitude of priorities, and varied channels for implementation create the potential for overlapping actions and coordination challenges. These challenges exist at both the global and national levels. At the global level, identifying a division of labour among multilateral climate funds remains a concern. National climate finance coordination arenas involve domestic governmental actors and international funders. The paper provides a foundation for a research project that analyzes the political, economic and organizational determinants of climate finance coordination at different levels of governance.

Sydney book launch for Climate Finance: Taking a Position on Climate Futures
Gareth Bryant and Sophie Webber
Where: Gleebooks, 49 Glebe Point Road, Glebe
When: Wednesday 3rd April 2024, 6pm for 6.30 start
RSVP: https://www.gleebooks.com.au/event/gareth-bryant-sophie-webber-climate-finance/
The post Book Launch: Climate Finance appeared first on Progress in Political Economy (PPE).

The distinction between development assistance and climate finance is driven by an optic of compensation largely derived from the 'polluter pays' principle. For practical as well as conceptual reasons, this principle provides a weak basis for climate finance. The distinction also cuts against the need to holistically consider developmental, adaptation, and mitigation policies and naturally focuses on government-to-government flows despite the manifest need to catalyse non-official sources of finance. Beyond the 'polluter pays' principle, ample justifications, such as the conceptions of justice set forth by Sen, for an international architecture that addresses integrated climate and development challenges.

Climate leadership now: Climate finance & political will
Richard Beardsworth, Professor of International Relations and Head of School from POLIS, University of Leeds, looks at climate finance and political will among national governments and international institutions, aiming to break the stand-off between developed and developing countries. Overall, this evaluation of climate finance provides the key to breaking the deadlock between developed and developing countries by aligning the strategies of mitigation with adaptation and loss and damage. Aiming to understand climate action and ambition, Professor Beardsworth analyses the Conference of the Parties (COPs) and their role in mitigation with development and adaptation. He explains that distrust between the two sets of countries is embedded in the international politics of climate change. In this analysis of climate leadership now, he looks to the COP27 decision text and the G20 Bali joint declaration, which emphasise the need for 'major international financial reform to support developing countries'. The language of both agreements is informed in part by the Bridgetown Initiative, which Professor Beardsworth explores in extensive detail. As we are in an age of polycrises and deep transformation, he argues, we must change how we respond to the plurality of interdependent and mutually reinforcing crises (climate, health, energy, food, inequality, poverty), our energy systems, our current economic and financial models, as well as our present ways of governing.