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Environmental and Climate Finance in a New World. Christopher Marcoux DePauw University Michael Tierney The College of William and Mary www.aiddata.org. www.aiddata.org. Environmental Impacts of Development Finance. Brown vs. Green Environmental Aid. Annual Environmental Aid, 1990-2008.

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Environmental and climate finance in a new world
Environmental and Climate Finance in a New World

Christopher MarcouxDePauw University

Michael Tierney The College of William and Mary


Environmental impacts of development finance
Environmental Impacts of Development Finance

Annual environmental aid 1990 2008
Annual Environmental Aid, 1990-2008

Source: www.aiddata.org

Annual environmental aid 1990 20081
Annual Environmental Aid, 1990-2008

Source: www.aiddata.org

Bargaining theory and aid allocations
Bargaining Theory and Aid Allocations

Club Goods Present

Donors More Dependent on Recipient Collaboration

Weaker Donor Outside Options

Stronger Recipient Outside Options

Donors Have Less Bargaining Power

Donors Contribute Less

Donors Contribute More

Conjectures on environmental aid allocation
Conjectures on Environmental Aid Allocation

  • As recipients’ outside options weaken, donor allocation increases. As recipients’ outside options strengthen, donor allocation decreases.

  • If donors’ outside options weaken, donor allocations to multilateral organizations will likely decrease. However, donors’ direct activity (e.g. provision of bilateral aid) may remain constant or even increase.

  • If donors do not internalize the entire benefit of global public goods (e.g. mitigating climate change), donors may strengthen their outside options by shifting from multilateral to bilateral aid provision.

  • The presence of Club Goods tends to increase donor allocation.

The future of the green climate fund
The Future of the Green Climate Fund?

  • Developing countries have been united in their demands for climate funds to be administered by the UNFCCC and COP to the Kyoto Protocol.

  • Related demands have been for ‘direct access’ to funds, in which national governments in recipient countries administer funds through NIEs.

  • While the steps toward establishing the GCF have been celebrated as a victory, questions remain regarding how much funding it will govern.

  • Only about 2 per cent of Fast Start climate funds have been channeled through COP and Kyoto Protocol (KP) Funds, with limited consistent or predictable sources of revenue (Ciplet et al. 2013).

  • The creation of funding structures that reflect principles of adaptation finance justice may be largely hollow victories.

What aiddata can do
What AidData Can Do . . .

  • Track nearly all climate finance in one place using existing technology

    • Leverage open data, linkages, current standards and partnerships

  • Consistently identify climate adaptation and mitigation activities across all donors and systems

  • By doing so, we would create a quantum leap in transparency and increased participationin monitoring

  • Improve targeting and effectiveness of climate finance through mapping and evaluation