Key lessons from international financing mechanisms for the Green Climate Fund

Un article consacré à l'architecture institutionnelle dédiée au financement du changement climatique.

Points clés [en anglais] :

CLIMATE CHANGE FINANCING: A FRAGMENTED FRAMEWORK
While the need for climate change financing is huge and urgent, the current institutional architecture for public climate financing is fragmented and poorly designed for tackling new challenges, handling the disbursal of funds at scale, and ensuring a demand and beneficiary-driven process; even if awareness of the issue and the financial involvement is growing.

OBJECTIVES FOR AN EFFICIENT FINANCIAL ARCHITECTURE
With the benefit of hindsight from a decade of vertical funds and on the basis of the analysis of existing international financial mechanisms, the key objectives for an effective and efficient financial architecture for climate change should include the following: - to ensure that early action is adequately supported; - to develop a collaborative approach to address the demand to ensure a proper ownership of the architecture designed and the mechanisms implemented by both developed and developing countries; - to ensure coherence and consistency between the actions engaged, international funding and national development strategies and priorities; - to properly address the large range of needs, in terms of investments but also of technical assistance, capacity building and support for policy design and implementation; - to ensure effective leverage in a harmonized manner; - to include sound financial management and MRV arrangements.