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Postface: fragmentation, failing trust and enduring tensions over what counts as climate finance

Listed author(s):
  • J. Timmons Roberts


    (Brown University)

  • Romain Weikmans

    (Université Libre de Bruxelles/Free University of Brussels)

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    Abstract The Paris Agreement commits nations in Article 2(1) to “Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.” However there is an absence of internationally agreed accounting rules that would permit overall assessments of progress to this goal and any meaningful comparisons of performance between countries. This is true also for the quantitative Copenhagen/Cancún promise by developed nations to jointly mobilize US$100 billion by 2020. Our goal is to provoke discussion about the depth of the problems this lack of a functional definition and accounting system have created and perpetuated. We do so by describing the fragmented system of national reporting of climate finance and how the OECD’s Rio Marker system is serving neither contributors nor recipients. More than a trust issue between developed and developing countries, we argue that the lack of modalities to account for climate finance also considerably impedes the effective functioning of the bottom-up approach that now prevails under the UNFCCC. The deadline to propose "modalities of accounting climate finance" by 2018 is a crucial window in which to address this chronic issue in international climate policy.

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    Article provided by Springer in its journal International Environmental Agreements: Politics, Law and Economics.

    Volume (Year): 17 (2017)
    Issue (Month): 1 (February)
    Pages: 129-137

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    Handle: RePEc:spr:ieaple:v:17:y:2017:i:1:d:10.1007_s10784-016-9347-4
    DOI: 10.1007/s10784-016-9347-4
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    1. Michaelowa, Axel & Michaelowa, Katharina, 2011. "Coding Error or Statistical Embellishment? The Political Economy of Reporting Climate Aid," World Development, Elsevier, vol. 39(11), pages 2010-2020.
    2. Jonathan Pickering & Frank Jotzo & Peter J. Wood, 2015. "Sharing the Global Climate Finance Effort Fairly with Limited Coordination," Global Environmental Politics, MIT Press, vol. 15(4), pages 39-62, November.
    3. Navroz K. Dubash & Lavanya Rajamani, 2010. "Beyond Copenhagen: next steps," Climate Policy, Taylor & Francis Journals, vol. 10(6), pages 593-599, November.
    4. Rhona Barr & Samuel Fankhauser & Kirk Hamilton, 2010. "Adaptation investments: a resource allocation framework," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 15(8), pages 843-858, December.
    5. Aidy Halimanjaya, 2015. "Climate mitigation finance across developing countries: what are the major determinants?," Climate Policy, Taylor & Francis Journals, vol. 15(2), pages 223-252, March.
    6. David Ciplet & J. Timmons Roberts & Mizan Khan, 2013. "The Politics of International Climate Adaptation Funding: Justice and Divisions in the Greenhouse," Global Environmental Politics, MIT Press, vol. 13(1), pages 49-68, February.
    7. Steve Rayner, 2010. "How to eat an elephant: a bottom-up approach to climate policy," Climate Policy, Taylor & Francis Journals, vol. 10(6), pages 615-621, November.
    8. William Hare & Claire Stockwell & Christian Flachsland & Sebastian Oberthür, 2010. "The architecture of the global climate regime: a top-down perspective," Climate Policy, Taylor & Francis Journals, vol. 10(6), pages 600-614, November.
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