Climate Funds Update | Projects

Overview
May 2010
Status: 
Active
Leaders: 
Neil Bird
Team: 
Jessica Brown, Liane Schalatek and Nick Scott
Climate Funds Update is a website that provides information on the growing number of international climate finance initiatives designed to help developing countries address the challenges of climate change. Through independent research the ODI keeps it current and details: Where these climate change funds are being developed; What the funds support; The scale of the proposed financing; How the funds are expected to be disbursed; and what had been achieved so far.
Climate and Environment
Outputs

Gender and climate finance

Publication - November 2013
Liane Schalatek, Heinrich Böll Stiftung, with Smita Nakhooda, Overseas Development Institute
This brief outlines some key principles and actions for making climate financing instruments more gender-responsive.

Mitigation finance

Publication - November 2013
Aidy Halimanjaya, Smita Nakhooda, Sam Barnard, Alice Caravani, Overseas Development Institute and Liane Schalatek, Heinrich Böll Stiftung
This Brief describes the funds that have been created by industrialised countries to finance emission reductions in developing countries and examines how these funds can work with private capital to secure the level of funding needed.

Adaptation finance

Publication - November 2013
Alice Caravani, Sam Barnard and Smita Nakhooda, Overseas Development Institute and Liane Schalatek, Heinrich Böell Stiftung
This Brief looks at the challenge for the international community to ensure adequate levels of funding for adaptation activities in vulnerable developing countries.

The Green Climate Fund

Publication - November 2013
Liane Schalatek, Heinrich Böell Stiftung and Smita Nakhooda, Overseas Development Institute
This note describes the Green Climate Fund design process to date, and outlines key points of tension.

Climate finance regional briefing: Middle East and North Africa

Publication - November 2013
Smita Nakhooda, Alice Caravani, Sam Barnard, Overseas Development Institute and Liane Schalatek, Heinrich Böll Stiftung
The Middle East and North Africa is a region that is both vulnerable to the impacts of climate change and shares some responsibility for such change, as measured in terms of per capita emissions. International public sources that fund climate change projects in the region are extremely scarce.

REDD-plus finance

Publication - November 2013
Alice Caravani, Smita Nakhooda, Charlene Watson, Will McFarland, Overseas Development Institute, and Liane Schalatek, Heinrich Böll Stiftung
REDD-plus finance has received a lot of attention over the last years. This Brief describes the funding initiatives in support of this major international mitigation strategy and raises some ongoing challenges for the equitable delivery of climate finance.

Climate finance regional briefing: Latin America

Publication - November 2013
Nella Canales Trujillo, Smita Nakhooda and Alice Caravani, Overseas Development Institute, and Liane Schalatek, Heinrich Böll Stiftung
This Brief describes international climate finance that is being channelled to countries in Latin America to fund national climate change actions . It looks at funding across the major themes of adaptation, mitigation and REDD-plus, as well as identifying the principal actors within the region.

The principles and criteria of public climate finance – a normative framework

Publication - November 2012
Liane Schalatek, Heinrich Böll Stiftung North America and Neil Bird, Overseas Development Institute
This brief looks at the three sequential phases relating to the mobilisation, administration and the disbursement of climate-change funding. Taken together, they offer a minimum guiding framework for climate finance, based on the principles and criteria briefly examined here.

Climate finance in Sub-Saharan Africa

Publication - November 2012
Smita Nakhooda, Alice Caravani, Neil Bird, ODI and Liane Schalatek, Heinrich Böll Stiftung
This policy brief reviews general trends in African climate finance. It considers the key actors in the region and their evolving role in negotiations over the global architecture for climate finance, and finds that funding that is currently delivered is far from fulfilling the demonstrated needs of SSA.

Long term climate finance

11 July 2012 - Smita Nakhooda
'Better structured, bottom-up analysis that emerges from developing countries’ efforts to chart a response to climate change, can support a process of prioritising how to best to use scarce climate finance to meet real needs.'

The Green Climate Fund: Ready, set, go?

20 February 2012 - Smita Nakhooda and Liane Schalatek
'There are high expectations for the Green Climate Fund (GCF) … … but much remains undecided. What role will the GCF really play? And what will it take to keep the GCF from being a beautifully constructed, but largely empty shell?'

Mobilising climate finance: a few fundamentals to consider

8 December 2011 - Smita Nakhooda, Alice Caravani, Allister Wenzel and Maria Apergi
'Coming up with the finance to support developing countries to mitigate climate change and adapt to its impacts is a central focus of the UNFCCC negotiations underway in Durban this week. Getting developed countries to pay up will be difficult at this time, considering they face severe financial and economic constraints – most recently exacerbated by the eurozone crisis.'

REDD+ finance delivery: lessons from early experience

Publication - November 2011
Anna Creed and Smita Nakhooda
Delivering REDD+ finance has taken more preparatory work, capacity and tailoring than initially envisaged. Multilateral institutions financing REDD+ have made significant progress, and experience to date will inform and facilitate future implementation. Alongside this, Annex II countries are providing increasing volumes of finance through bilateral channels. There remains very little transparency around these bilateral arrangements. It is essential to ensure that the lessons learned through experience with multilateral institutions and participating stakeholders inform bilateral financing. The large number of multilateral and bilateral engagements in forest countries creates major coordination challenges. There is an urgent need for more capacity and expertise on the implementation and management of REDD+ within contributor countries, recipient countries, and intermediaries. Creating and maintaining momentum to implement REDD+ requires credible commitments of long-term finance from Annex II countries. Finance should be directed to REDD+ strategies with political buy-in and stakeholder support. Early experience demonstrates the difficulty of balancing core objectives. For example, speedy disbursement through streamlined processes can conflict with the need for rigorous due diligence and comprehensive application of safeguards. Similarly, there are tensions between national ownership, sovereignty, and contributor country input. If REDD+ is to be sustainable, it will need to deliver real development benefits equitably at the individual as well as the country level. With limited public resources available, Annex II countries are trying to balance climate and development objectives, and most REDD+ finance is directed through development assistance budgets. The use of ODA budgets to deliver climate finance has been questioned, but this approach does provide the opportunity to support integrated solutions if potential trade-offs between co-benefits can be navigated.

Design challenges for the Green Climate Fund

Publication - January 2011
Neil Bird, Jessica Brown and Liane Schalatek

One of the achievements of the UNFCCC negotiations in Cancun was the decision to establish a Green Climate Fund (GCF). This paper highlights some of the more pressing design issues and describing the implications of these features.

Direct Access to the Adaptation Fund: realising the potential of National Implementing Entities

Publication - November 2010
Jessica Brown, Neil Bird and Liane Schalatek

The Adaptation Fund (AF), established by the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), is mandated to finance concrete adaptation projects and programmes in developing countries that are Parties to the Kyoto Protocol and to allow direct access to the Fund by Parties. This paper explores the current status of direct access and examines the challenges countries face in securing its potential.

Climate Finance Fundamentals

Publication

This series of short, introductory briefings on various aspects of climate finance aim to develop a better understanding of the quantity and quality of financial flows going to developing countries.

Climate finance: a few fundamentals for 2013

Alice Caravani, Sam Barnard, Smita Nakhooda and Liane Schalatek
'Developed countries have provided finance to help developing countries respond to climate change through many different channels, including dedicated multilateral climate funds. The UNFCCC COP in Warsaw this week, it is hoped, will focus political attention on climate finance. A High-level Ministerial Dialogue, chaired by the Ugandan Minister of Finance and the Danish Minister of Climate Energy and Buildings, will take stock of the efforts taken to scale up climate finance in the last year and to provide a strategy on how to make further progress.'